Judgment enforcement is compelling a debtor to satisfy a court-ordered financial obligation. The process typically includes:
1. Wage Garnishment
2. Bank Account Levy
3. Liens
4. Asset Seizure
Enforcing a judgment isn’t always straightforward. Debtors may attempt to evade payment by:
Understanding legal nuances is crucial. For example, New York State has limitations on wage garnishment and protective exemptions on the seizure of personal property.
Case Study 1: Wage Garnishment Success
We helped a client recover a substantial judgment from a former commercial tenant through regular wage garnishment payments.
Case Study 2: Asset Seizure and Auction
We successfully seized and sold valuable assets, including a website domain and shares in a cooperative apartment to satisfy a large debt.
Case Study 3: Property Lien Resolution
By placing liens on a judgment-debtor’s real estate holdings, we ensured our client received full payment when the debtor attempted to sell that property.