Friday, December 14, 2018

How to Handle Your Debtors Who Moved Away

Trying to collect a judgment on a debtor who moved away?

debt collectors MichiganAre you frustrated with debtors dodging your calls?

Are you having a hard time tracking down your debtors?

When you’re trying to collect a judgment from someone who has moved away, remember:

  1. States are obligated to recognize judgments obtained in other states under the Full Faith and Credit provisions of the U.S. Constitution. Most states have foreign judgment recognition laws to facilitate enforcement of international judgments.
  2. When the amount owed justifies the additional effort and expense, depending on where your debtor is located, you may be able to enforce your judgment in a foreign country.
  3. You may be able to recover additional fees and court costs associated with chasing your debtor to the new location to collect your judgment. You should discuss this with your debt collector up front so you don’t end up with a huge bill for costs that are deducted from the money you recover.
  4. Expect that you’ll need to hire a debt collector in the new state to enter the judgment with that state’s courts and initiate collection proceedings there.

Call Experienced Debt Collectors in Michigan Today!

If you’re a business owner, you may decide that having a debt collection law firm work on your unpaid invoices is your best choice. That’s an area we specialize in, and we’re happy to discuss your options.

Our attorneys know how to get results for our clients and they’re dedicated to getting a satisfactory outcome. Contact our debt collectors in Michigan today at (248) 645-2440 for a free no obligation consultation.

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