Judgment Coops

Most judgment enforcers only impose judgments close to them, commonly in their own state. The theorize is, when a judgment debtor moves to other state, it is more difficult and high-priced to impose the judgment. The only exception is when the Judgment Enforcer (Je) travels often and works near the courts close to where the debtor is now.

There are five ways of handling judgment promulgation when the debtor is not close to the current Je.

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1) Work the judgment by remote operate - hiring process servers, incommunicable investigators, and lawyers. One must also pay for CourtCall, postage, etc. This can become very high-priced if the promulgation is not easy.

2) Work it yourself - by traveling often to where the debtor is.

3) Pass it along - pass the judgment to other Je as a referral or a lead, either for free or for some kind of compensation.

4) Refer the judgment to a judgment broker.

5) Coop - cooperate and partner with other Je to impose the judgment.

This description discusses the last item, Judgment Coops (Jcs).

One of the first things to know about Jcs is that generally unless one is a lawyer, one cannot impose a judgment unless one owns the judgment outright 100%. For this reason, when Jes cooperate, the ownership is transferred to a partner Je close to the debtor's assets. This change of ownership is often not permanent. The chain of ownership commonly works like this:

First the traditional Judgment Creditor (Ojc) Assigns (transfers legal ownership of) their judgment to the first Je. Then the first Je assigns the judgment to the second Je. Then sometimes later the Judgment is assigned back to the first Je, or in the case of an uncollectible judgment, sometimes back to the Ojc. When a judgment is satisfied, the ownership is no longer important.

Jcs start when the first Je takes assignment of the judgment from the Ojc, and then that Je discovers that the debtor has moved or has assets elsewhere.

In such a situation, the Je finds other Je close to the debtor. It is practically always a Je that is customary in their state. The details of the judgment and the situation of the debtor is shared to fully warn the second Je.

Then the first Je and second Je both sign a cooperation business transaction that specifies many things together with payment and how any earnings collected will be distributed.

Both Jes always respect the traditional Je's business transaction with the Ojc. Then the first Je assigns the judgment to the second Je. The second Je, now owning the judgment, recovers money from the debtor to satisfy the judgment.

When adequate money has been recovered from the debtor to satisfy the judgment, the judgment is satisfied by the Je owning it. Sometimes it is assigned back to the first Je before it is satisfied.

When the judgment is satisfied or settled, the second Je, the one that recovered money from the debtor, deducts their share. Then they send the rest of the money onward so that the Ojc and the first Je can be paid their share of the recovered money.

Judgment Coops are "old-school" but are still a popular way for judgment enforcers to use teamwork to go after debtors that abscond, or naturally move far away from the traditional court.

Judgment Coops

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