What is a Judgment?

A judgment is an order from a court that has jurisdiction over your debtor. It states with certainty what your remedy is … in collection lawsuits, that is almost always a specific amount of money. Sometimes an interest rate and a payoff period are also included. Once the judgment is issued, there is no more arguing about how much is owed or by when.

If your debtor doesn’t pay the entire amount of the judgment (or fails to make a payment within the specified time), you can seek a “default,” and you may be able to collect against some property the debtor owns, or against some payment he or she receives. For example, according to Nolo, “property the creditor can take varies from state to state. Usually, the creditor can go after a portion of net wages (up to 25%, more if the judgment is for child support), bank and other deposit accounts, and valuable personal property, such as cars and antiques. However, every state has certain property it declares exempt.”

Are you looking to collect on payments that are past due?

Are you frustrated with collection calls?

Muller, Muller, Richmond, Harms, & Myers, P.C. can help you with debt collections in Michigan and the surrounding areas. Imagine the peace of mind and financial security that come with the help of an experienced collector. You can cross those old accounts off your budget and grow your business with access to more of your money. Get started today!

Why Choose Muller Law Firm?

We’ve been in the collection business for over 55 years, and we’re based right here in Michigan. When you call the Muller Law Firm, your initial consultation and strategy meeting are FREE! We don’t think you should have to pay just to be informed of your rights. Do you?

We want to make sure you’re well educated and comfortable before we take any further steps. If you’d like to speak to one of our expert attorneys about debt collections in Michigan, give us a call at 248-645-2440. Stand up for your rights as a business owner, and get what you’re owed!