Can I recover a judgment from a business or individual?
Asked 2 years ago
Yes, it is possible to recover a judgment from both a business and an individual. The process usually involves several steps. First, you must obtain a judgment against the debtor through a court ruling, which establishes that they owe you a specific amount. Once you have this judgment, you can take action to collect the debt.
For individuals, this may involve garnishing wages, placing liens on property, or seizing assets. Each state has its specific laws governing how judgments can be enforced, so it is important to familiarize yourself with those regulations.
When it comes to businesses, the process can be similar, but there may be additional complexities depending on the structure of the business. For example, if the business is a corporation or limited liability company, you may have to consider the entity’s assets and legal protections.
For detailed guidance and support in navigating the judgment recovery process, you may wish to refer to the official website for information on determining the best course of action.
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