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Frequently Asked Questions

• Is There A Statute Of Limitations On Executing A Judgment?
  Yes. California Judgments must be executed within 10 years from the date Judgment was entered. Renewing the Judgment, which can be done once at least 5 years have passed since the Judgment was … more
• Can You Collect Interest On An Unpaid Judgment?
  Yes. Interest began accruing the day a judgment was issued. The rate is 10% percent per year, simple interest. A judgment may be worth significantly more today than the day it was issued.
• Is There Any Guarantee A Collection Service Will Collect On A Judgment?
  No. Sometimes there are simply no assets to seize. But, a collection service will do their best because they only get paid if they collect.

Legal Articles

• Zone of Insolvency - How to Conduct Business When Bankruptcy is a Looming Possibility
  Corporate Boards of Directors always have complicated decisions to make. However, those decisions become incredibly more complex when the company has entered a “zone of insolvency” and is considering bankruptcy. Generally, Boards of Directors owe a fiduciary duty to the company’s shareholders. That means that they must make decisions for the company based on a … more
• Charging Off a Bad Debt: How, When and Why to Do It
  For many creditors, the frustrating reality is that it costs money and it takes time to recover the money that is legally owed to them if a borrower stops repaying a loan. The costs of debt recovery can be significant. Foreclosure, for example, can be expensive and take over a year to complete in some states. Therefore, many businesses choose to write off their bad business … more

Top Related Collections Topics

• Collections
• Creditor Rights
• Fair Credit Reporting Act
• Identity Theft Protection
• Types of Creditors
• Wage Garnishment

More Collections Topics

• Collections
• Creditor Rights
• Fair Credit Reporting Act
• Identity Theft Protection
• Types of Creditors
• Wage Garnishment