Once the appeal window has closed and your judgment becomes final and enforceable, the collection phase begins. Unless your debtor has already written you a check, you'll need to explore post-judgment remedies. The good news is that the courts offer a range of tools designed to help you recover what you're owed.
Here are two more options available to you through the courts:
Judgment liens. Depending on your state's laws and the nature of the debt, you may have the right to place a lien against the debtor's assets. If those assets change hands — through a sale or refinancing, for example — you're positioned to recover what you're owed out of the transaction.
Examinations for assets under oath. A powerful discovery tool: you have the right to question the debtor under oath about their assets, income, and where they're located. This sworn testimony can reveal accounts, property, or income streams you didn't know existed — and it can't be dodged with vague answers the way casual questioning can.
Feeling Stuck? You can Rely on Michigan-Based Collection Services
If you have questions about your debt collection lawsuit, get informed with our Michigan-based collection services for guidance on the best path forward. Call (248) 645-2440 or click here to submit a contact form for a resolution to your collection matters. Let the experts worry about the paperwork so you can focus on doing what you do best.
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