Every day, thousands of money judgments are awarded in civil courts, leading to an increase in unpaid debt. Surprisingly, over 70% of these judgments remain unpaid, as courts often struggle to enforce payments from the losing party.
A judgment creditor holds the legal authority to seize bank accounts and take various actions against a debtor's assets. Winning parties are entitled to use powerful legal tools to collect the money through the court system. These tools include income garnishment, property seizure, freezing and seizing bank accounts, and even suspending driver's licenses. Unfortunately, many prevailing parties lack the knowledge of where and how to initiate this process.
Enter Find It! This company streamlines the search process by conducting comprehensive skip traces focused primarily on locating assets in banks. Drawing from extensive experience in the Judgment Enforcement industry, Find It identifies banks as the most successful avenue for asset discovery. When tracing a bank account, supplementary information such as the debtor's job details may also be provided.
Seizure of Bank Accounts:
- Includes checking, savings, or mutual fund accounts, with all funds present at the time of notification being frozen and later surrendered.
Typically, the winning party or creditor can authorize transferring ownership to another entity, often an attorney or judgment recovery specialist to enforce the lawsuit. In this process, up to 50% of the awarded sum may be signed over for enforcement. Find It simplifies this by locating assets and directing creditors to their nearest Marshal's office for debt collection.
Remarkably, judgments remain valid for up to 20 years from the date of issuance, with an accumulated 10% interest until settlement is reached.
Übersicht
Find it Collect it, inc. ist eine Freeware-Software aus der Kategorie Office & Business, die von Find it Collect it, inc. entwickelt wird.
Die neueste Version ist 1.0, veröffentlicht am 21.06.2024. Die erste Version wurde unserer Datenbank am 21.06.2024 hinzugefügt.
Find it Collect it, inc. läuft auf folgenden Betriebssystemen: iOS.
Die Nutzer haben Find it Collect it, inc. eine Bewertung von 5 von 5 Sternen gegeben.
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