Saturday, April 1, 2023
HomeBudgetGoing After Uncollected Judgment Cash! (Aspect Hustle Concept #85)

Going After Uncollected Judgment Cash! (Aspect Hustle Concept #85)

Good morning!

Discovered an intriguing notice in my inbox this week and thought you’d get pleasure from it 😉

Persons are getting increasingly more artistic with how they earn $$$ on the facet!! File this one subsequent to suing robocallers for money and uncovering hidden cash as a forensic accountant


Hello J Cash,

I got here throughout your weblog submit just lately, and noticed you describing the way you gained a lawsuit towards your former employer, solely to have them conveniently disappear. (Readers from 2011 will bear in mind this! The place I bought laid off however by no means acquired my final paycheck!)

Sadly that is all too widespread – in actual fact, solely about 20% of cash judgments within the US ever get even partially collected on. Speak about ridiculous! I’m questioning when you may prefer to discover the potential of truly gathering on that judgment?

Relying in your jurisdiction, it might be that the judgment continues to be enforceable. Many states stipulate that judgments expire after 10 years, however that’s not all the time true. In case your judgment continues to be lively (and even when you suppose it is likely to be) I’d love to rearrange a time for us to attach when you’re open to it.

So far as who I’m/why I’m – I’m a personal investor trying so as to add a number of uncollected judgments corresponding to yours to my portfolio.

To be clear, I’m NOT an lawyer, however I do have fairly a bit of data on this space. Whereas I can not present authorized counsel, what I can do is buy and take task of judgments from those that have gained them, after which proceed to pursue the debtor myself. So please let me know when you’d like to debate this additional, and I’ll be glad to present you extra particulars at that time.

Sort Regards,

Mr. Investor


Fascinating proper?! This man is prepared to do the soiled give you the results you want so you may get well your lengthy misplaced cash!! Which is extremely useful as most individuals (like me) don’t know jack on the way you’d go about chasing it down, or whether or not it’s even well worth the time spent to spend on it or not…

In fact, you’d must belief a man sufficient to let him assume “possession” of your judgment and act in your behalf, but when you may get previous that it appears like a helluva deal. Particularly when you’re at the moment getting $0.00 of what you’re owed!

I informed him thanks however no thanks in my specific case since I actually don’t really feel like opening up that may of worms once more and plus the corporate has lengthy been dissolved by now, however it did hit my curious spot so I wrote again:


Hey dude! Bringing me again a number of years right here! Haha…

It’s most likely not value it to be trustworthy as if I recollect it was just a few thousand {dollars} which is much less essential to me at present than it was again then, and sadly I don’t actually be in contact w/ the remainder of the gang the place we might all do a bunch factor or one thing to make it extra worthwhile…

However I do respect the attain out and love the hustle! Do you do that stuff on the facet or is it your primary gig?

Reminds me of the newest installment of our Aspect Hustle Collection: “I’ve Made $40,000 going after unlawful robocallers.” (Aspect Hustle #84)


His response:

Completely perceive, and thanks for getting again to me!

Simply so you realize, there’d be no out-of-pocket value to you and little or no effort required in your half when you wished to pursue this additional – principally what I’d do is take possession* (formally known as an “task”) of the judgment from the unique creditor (you), which then allows me to pursue the debtor myself (I can’t signify you since I’m not a debt collector or lawyer, so I’ve to primarily step into your house in an effort to do what I do).

Then, I might break up no matter I’m capable of accumulate with you after accounting for any bills I incur within the course of.

All I might ask is that you simply’re capable of reply occasional inquiries to fill in any informational gaps I encounter. I might do all of the legwork of enforcement corresponding to post-judgment discovery subpoenas, levying financial institution accounts, asset seizure, inserting of actual property liens, and so forth. There are even strategies of pursuing debtors who’ve offshored their belongings, although that doubtless wouldn’t apply in your case.

That is only a facet gig for me for the time being, my major experience is in IT. I form of fell into studying about judgment enforcement after suing a fitness center I used to belong to as a self-represented litigant after they refused to cancel my membership and cease billing me once they shut down for Covid. I had adopted their directions precisely, and so they nonetheless refused to cease harassing me, even going so far as sending me to collections.

As a matter of reality, it’s humorous you talked about robocall lawsuits, as a result of the TCPA was truly one of many statutes I used to go after them since they have been utilizing an auto dialer to pester me about paying for the membership I had canceled months beforehand.

In the long run, I wound up withdrawing the lawsuit after they agreed to cease pursuing me and never muck up my credit score rating which was all I actually wished to start with. So regardless that I didn’t find yourself profitable a closing judgment, I did a LOT of analysis and studying because the case progressed, which, amongst different issues, led me to grow to be fairly darn educated about implement judgments.

As you and so many others have came upon, it’s tremendous widespread to have a debtor refuse to pay even after the choose bangs the gavel so to talk. I hadn’t accomplished a lot with the data I gained for a 12 months and a half or so, however earlier this 12 months shortly earlier than my son was born, I made a decision to see if I might put my data to make use of serving to folks such as you who went by way of all the difficulty of seeing their instances by way of to the tip, solely to be denied being paid a single cent of what they’re rightfully owed.

I do attempt to be considerably focused with the judgments I buy although – often I’m in search of debtors which are companies, and there are some states with stricter laws that I keep away from as effectively.

Mr Investor

*The task of judgment to the enforcer is customary follow generally. If nothing else, simply keep in mind that I because the enforcer have each incentive to gather as a lot as they’ll from the debtor – when you don’t receives a commission, I don’t receives a commission! The one methods to have another person accumulate in your judgment and keep away from task are to both rent an lawyer or work with a collections company, and it’s uncommon that both of those choices work within the creditor’s favor – attorneys in fact would require substantial upfront and ongoing charges, and collections companies will nearly all the time simply name folks incessantly. Most attorneys obtain nearly no coaching in legislation faculty surrounding the enforcement of judgments, they’re skilled to litigate and produce a good decision for his or her shopper however something after that time is nearly all the time as much as the shopper to determine for themselves.


Gotta love the hustle!

Sucks he needed to undergo all that nonsense, however now he’s armed and harmful with all that data – be careful future debtors!! Lol…

Or possibly even be careful previous debtors of yours?? I requested him if it was cool to share our communication right here and if he was open to listening to different instances that readers could also be concerned with, and he wrote again saying, “HELL NO – Are you an fool! Don’t ever share this publicly, you turd!!!” J/Ok, haha…

He stated positive – he’d be completely satisfied to assist 😉

He must be choosy on which instances he takes on as he alluded to, however when you’ve bought one you suppose might use some energy behind to get well cash legally owed to you, drop me a notice and I’ll ahead it alongside to him.

He additionally handed me this when you’re all in favour of digging deeper your self:

“If anybody is contemplating going after a debtor on their very own, or simply needs to go a bit additional down the rabbit gap and study a bit extra about among the specifics concerned in doing this, I extremely advocate any content material by Joe Dickerson of Monetary Forensics LLC.

Right here is one in every of my favourite movies that includes him: Debt Assortment: How To Find Financial institution Accounts & Different Property To Implement Judgments. There are a number of different movies of him I’ve discovered on YouTube, and he additionally did a restricted podcast sequence some time again known as “The Judgment Enforcement Hour” which was unbelievable.  I discovered it on Apple Podcasts however I’m positive it’s obtainable on different platforms too.”


Hope this helps!!

In getting again a few of your personal cash, or happening a brand new facet gig path… It’s clearly not for everybody, however sounds fairly profitable for all these bulldogs on the market!

Any questions in any respect, simply depart them within the feedback and our Investor Buddy right here will likely be completely satisfied to reply them…

To take a look at our checklist of 80+ different methods to earn money on the facet, try our Aspect Hustle Collection. All the time some approach to earn extra relying in your time, expertise, character! You’ll be able to even make stuff up out of skinny air like this man! 🙂

Yours in The Hustle,

j. money signature

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