Business Article

Obtaining Or Collecting On A Judgment By Jeffrey J. Needle, Esq.
The Needle Law Group 


One man’s “trash” is another man’s “treasure”.   Client’s often ask if we think they should proceed and attempt to collect a debt from a company or person that does not answer the phone or show any signs of apparent active viability, business or otherwise.  We try to explain that there is no “crystal ball” that allows us to know what will or will not happen if an action is brought to recover monies owed.  There are desktop research methods and databases reflecting public records of some asset ownership, credit bureau reports, etc…and often the decision to proceed is made easier by use of more intrusive investigative tools to help make the decision to pursue more attractive.   

The truth is; some companies pay their obligations once they have dissolved because of good old fashioned morals and ethics….others don’t.  Some people and companies cry poverty and want to pay as little as possible over time...others don’t. Some people are spiteful that the economy is in distress and they are ailing financially so out of anger or stubbornness, they refuse to pay obligations and make the collection efforts difficult and time consuming….others don’t.   Some companies restructure and regroup after short phases of insolvency…others don’t.  Anything can happen and often a person's or company’s track record, before the debt became due, must be evaluated and considered to try and determine whether or not a debt may be satisfied…but there is no real algorithm.  More often than not, clients are willing to make an investment towards the potential recovery that limits more loss and maximizes the probability of recovery.  This investment is in the form of initial court costs and legal fees. Our experience is that making an investment into the collection of past due amounts produces a far greater potential result than doing nothing.

It is important to remember that judgments usually have a long shelf life and therefore as people lift themselves up and companies re-enter the stream of commerce, the opportunity to get paid in the future is thereby preserved by taking the preventive maintenance action of securing a judgment as soon as possible after a default has occurred to maximize any potential for collection.

A client once came to me with several old judgments he had acquired through the years. He called them “trash”.  After some letters and some lawsuits, we collected a majority of the money he was due and he used the recovered funds to buy himself a new fishing boat which he named “Treasure”.  Pursuing what is owed you might not always be cost feasible at the moment, so be sure to act with a forward-thinking perspective.

About Jeffrey J. Needle, Esq.

Mr. Needle hails originally from Washington, D.C. and before graduating from Nova Southeastern University Law School in 1995, Mr. Needle owned and operated Potomac Legal Support Services, Inc. a Washington, D.C. legal support services company providing, private investigation, skip tracing, debtor locating, asset locating services and process services to D.C. based attorneys and clients.

The Needle Law Group concentrates its resources on the representation of secured and unsecured creditors in Florida and nationwide since 1995. The practice is dedicated to handling collections from the initial demand through post judgment execution actions and domesticating foreign judgments. 

The firm represents retail and commercial creditors and existing Judgment holders and is an active member of the nationwide forwarding networks. To enhance our collection systems and to stimulate our growth, we are constantly updating our resources and training our professional staff in the latest industry resources.





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