Collecting after a money judgement

[Anjali L.]

Anyone had any luck collecting after a money judgment case? A few collections attorneys I’ve spoken to said the chances of actually collecting are close to none. Wondering if it even makes sense to start the collections process after I’ve received a money judgment.

Location: Hudson county, NJ

[Nathan Gesner]

Quote from @Anjali L.:

Anyone had any luck collecting after a money judgment case? A few collections attorneys I’ve spoken to said the chances of actually collecting are close to none. Wondering if it even makes sense to start the collections process after I’ve received a money judgment.

Location: Hudson county, NJ

Collection rates are low. You can do it yourself but it requires continually tracking them in hopes that you'll catch them some day through a garnishment. I wouldn't bother.

I turn mine over to a collection agency with the assumption I'll never get paid. I've tried four collection agencies and haven't had any luck. Three months ago I switched to Capital Accounts and I've already collected IN FULL from three tenants! I just spoke with another one yesterday that emailed me complaining that it's preventing him from buying a home, so I suspect that will be paid soon. A couple more have contacted me to ask about the charges and then they've gone silent, but at least I now they've been contacted. I've collected more in three months than I have in the previous 12 years with about 30 collection accounts!