What are some ways to collect a court-ordered judgment?


Quick Answer

Creditors can collect on a court-ordered judgment by garnishing a percentage of the debtor's wages and his bank account, notes FindLaw. Performing a post-judgment discovery, which includes interrogatories and requests for reproduction of financial documents, is allowed by most states so that creditors can begin the collection process. This information allows the creditor to determine the location of the debtor's assets and the source of his income.

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Full Answer

A good strategy is one that starts with going after the job wages, business assets and bank accounts, explains Nolo. Another collection tactic involves having the local sheriff confiscate money stored in the cash register or safe of a business that fails to pay the judgment, notes FindLaw.

Creditors can also force the sale of assets, such as personal property, vehicles and real estate, but this process is lengthy and expensive, states Nolo. Creditors typically have 10 years to collect on a judgment. Once that time period is up, the creditor can renew the judgment for another 10 years. The debtor can appeal the judgment. Creditors may want to wait until the deadline for filing the appeal has expired before proceeding with the collection process.

Creditors can also ask the individual or business who owes the debt to pay, suggests FindLaw. Debtors that have a good financial situation may pay the judgment to avoid additional legal action or collection activities.

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