How we work
After our first contact with you the judgment creditor, we then review the case. During this review we follow a number of research avenues. First and foremost is to check up on the case information with the issuing court. Once this information is verified we then run a quick trace on the judgment debtor. Once we have found their where about's we can then do a preliminary investigation. This investigation is a surface back ground gathering exercise on the debtor.
Once we have completed this area of action we report back to you the judgment creditor. At this point we are able to give you a reasonable assessment as to the recoverable ability of the debt. Should we find the investigation fruitful, it will be up to you the judgment creditor if you would like us to take this case for you.
This part of the process is quite simple, but involves a number of forms that have to be signed by you and returned to us. These forms can be E-mailed to you, faxed or posted, the option is up to you. These forms are basically an assignment form. This assigns the judgment to Nebraska Judgment Recovery so we can peruse the collection on you behalf. The second is an agreement between you the judgment creditor and Nebraska Judgment Recovery, setting out the agreed recovered funds distribution. (How and how much we get paid). At no point will you have to pay any money out of your pocket. If we worked on your case for 2 years and never recovered a red dime, you will never have to pay a penny. This is also stated in the agreement contract to protect you.
Once all the paper work is completed and returned, we then file the assignment with the correct court. Nebraska Judgment Recovery will now start an in depth investigation in to the debtors personal and business financial records. Within this process we will uncover hidden bank accounts, property in other states owned by them, any asset that we could possibly levied upon to recover your debt.
We are now able to formulate a plan of attack. We are armed with all the facts and information. At this point we will send one last letter to the debtor, as stated by the collections laws. This letter will give the debtor one last time to offer retribution for the debt. They will be given 14 days as stated by law. If the debtor sends payment that is fantastic. Please do not hold your hopes to this happening. It has been our findings that this may only happen once in every several thousand cases. The time limit has passed and so now we put our plan in to action.
The plan of action that we have formulated could be spearheaded on several sides at the same time. At this point the debtor is aware that we mean business. All our actions are filed through the corresponding courts and are 100% legal. We do not leave any error for judgment. Once this process starts we need it to be as fast and precise as possible. Depending on the actions taken to recover the debt, monies recovered are payed over into our trust account. You will be informed at this point as the the amount recovered and any further action, if necessary that is or will be taken against the debtor. The monies recovered will be held for 90 days. Under bankruptcy law, the debtor can if they chose to declare bankruptcy have any money from debts recovered to the court following their hearing. If this happened you would have to pay the monies back to the court. By Nebraska Judgment Recovery holding the funds in a trust account for the specified time limit, it eliminates the risk of debtor recovery.
Once the 90 days are up we send you your full and final settlement from the debtor. We provide a full listing of all costs incurred and recovered. The funds you receive will be minus the agreed settlement between your self and Nebraska Judgment Recovery.
Should you have any more questions regarding how we work, please fill out our contact form and a representative will contact you in due coarse.
