The Importance of Post-Judgment Execution
A judgment has been levied against an account under your management. With that judgment comes a variety of options including wage garnishments and liens. But what you do with that judgment lies entirely in your post-judgment execution strategy. Don’t let a court order go to waste with efforts that yield poor results.
Post-Execution Strategy Starts Before Judgment
Before any case should be brought to a lawsuit, and any judgment can be levied, it’s vital that you partner with an organization and law firm that has the experience required to manage both the case and the post-judgment execution strategy. Only a handful of law firms in the accounts receivable management (ARM) industry have the personal, hands-on accessibility of a small law firm combined with the profound experience of industry veterans.
Leveraging a partner to ensure your strategy is secure from beginning to end will help your post-judgment execution immeasurably.
Data Waterfall Expertise
Diving deep into mountains of data is a requirement when executing your post-judgment strategy. When a judgment is levied, consideration of the overall strategy to collect on the judgment, asset identification on what can be collected, and location information can help guide the account to a successful resolution.
1.Adjusting Strategy
When considering what strategy to take, Slovin & Associates carefully tailors our approach to the client’s needs. Not every client requires the same information, of course, but every client from commercial recovery to landlord-tenant recovery services requires state-specific and regulatory knowledge and know-how. No longer can a strategy be put in place that doesn’t carefully take into consideration each state or region’s local governance.
2.Consumer Location
Perhaps the most important of the three key steps, Slovin and Associates has thoroughly vetted a network of trustworthy employment, asset, and location assistance organizations. These organizations not only assist us in locating our client’s consumers but can also custom mark and track specific pieces of information required to fit any post-judgment strategy.
3.Asset Identification
When it comes down to recovering your judgment account, we maintain a traditional approach of careful compliance while being flexible enough to work collaboratively and openly as we take the time to apply data and our expertise to deliver a customized strategy. During asset identification, maintaining a careful balance of performance and compliance to ensure the right assets are targeted at the right time helps tremendously.
Maintaining Profitability
The right assets including job information, bank account numbers, and key assets aren’t found easily. Ensuring your post-judgment strategy has a plan in place to correctly identify this information could make or break a profitable venture for your organization.
Headed by Attorneys Randy Slovin and Brad Council, Slovin and Associates have been working together for almost two decades. Originally practicing in Ohio since 2004, the firm expanded its licensing to include Indiana and Kentucky in 2007. We achieve expeditious and cost-efficient results in a professional and low-maintenance environment for our clients in the fields of collections, commercial and consumer litigation, health-care receivables, bankruptcy, leasing and landlord-tenant law, and Fair Debt consulting.
About Slovin and Associates
Slovin and Associates is a law firm that aims to achieve the highest rating for creditor’s rights law firms in Ohio, Kentucky, and Indiana by obtaining expeditious and cost-efficient results in a professional and low-maintenance environment for our clients in the fields of collections, commercial and consumer litigation, health-care receivables, bankruptcy, leasing and landlord-tenant law, and Fair Debt consulting.
