Genesis Judicial Recovery

Can I collect interest on my unpaid judgment?
Usually, yes. Most judgments include a provision for collecting interest, usually from the day it was rendered. The actual interest rate and calculation procedure (compound or simple interest) varies from state to state. With interest, your judgment could be worth significantly more than the day it was issued.

Why shouldn't I use an attorney to collect my judgment?
You can, if you are willing to put down a retainer, and pay a fee of between $125 and $175 per hour, whether they ever collect anything or not. When we enforce the judgment, we pay you a percentage of everything we recover.

How about using a collection service?
A collection service may contact the deadbeat and irritate him to death! They may even place a black mark on his credit report. But, they rarely collect! And with the passage of the FDCPA (Fair Debt Collection Practices Act), the debtor has the right to just tell the third-party debt collector to stop ALL contact. We, as the owner of the judgment, are not affected by the FDCPA. We just investigate the debtor, find his assets and then seize them to enforce the judgment.

Is there any guarantee you will collect on my judgment?
No. Sometimes there are simply no assets to seize. But, you can be sure we will do our best because if we are unable to enforce the judgment, we don't get 'paid'. This puts a serious incentive on our efforts!!

Must I pay for the expenses incurred in enforcing my judgment?
No. In fact, we purchase the judgment from you, usually on a 'future pay' basis. At the time that we purchase the judgment, we haven't had the opportunity, nor the legal right, to investigate the judgment debtor. We can only do that after filing an 'Assignment of Judgment' with the courts. We investigate the debtor and, in accordance with the state laws, attempt to enforce the judgment. Only then can we actually determine the value of the judgment, which is usually based on a negotiated percentage of the amount that we are able to recover from the debtor. In most cases, the expenses incurred in enforcing the judgment, are either added to the total judgment (upon petition to, and approval by, the court) or the costs incurred are deducted from the amount recovered from the debtor before payment to you.

How long before I actually see results?
It all depends on the difficulty in locating your debtor and the difficulty in uncovering his assets. Some debtors are pretty smart about hiding their assets, or they appear to live without any 'normal' means of support or assets. Though we normally try to get results in the first few weeks, this could take a few months in an extremely unusual case.

I have a judgment awarded in one state against a debtor who resides in another state. Can you help?
In most cases, yes. Especially if your debtor answered your complaint or made appearance at the trial or hearing. However, if your defendant didn't answer or appear, the judgment is called a 'Default Judgment' which is considered a weak judgment. Each of us has the right to confront our accusers and to defend against any legal claims. Therefore, if the debtor is able to show the court that he was not properly served, or served in the wrong capacity, he can file a motion with the court asking them to set aside the judgment. This is the most common 'hurdle' that must be cleared in any judgment enforcement, and especially when done across state lines.

How does all this work?
First, we complete an agreement detailing the specifics of our purchase of the judgment. If acceptable, you then assign the judgment to us, making us the judgment owner of record. Once we have filed this 'assignment' with the court, we have the legal right to investigate the debtor and to proceed with the legal process of enforcement of the judgment. Then, after we complete the investigation and enforcement, we are able to complete our agreement with payment of the agreed percentage of the recovery.

I'm sold! What is my next step?
Just complete the short online application. We will contact you by telephone, and send the necessary documents for your signature. On receipt of the signed documents, we will immediately initiate enforcement of the judgment.