Geraci Law Firm has helped countless investors, lenders, loan servicers, foreclosure trustees, brokers, real estate agents, creditors, businesses, officers, and directors resolve a vast array of legal and compliance issues in state, federal bankruptcy, and administrative actions.
Clients should have legible copies of the promissory note, other contract, payment history, any judicially issued judgments, if applicable, or account statements. Note that our team has the requisite experience and resources to pursue collection in cases where there is no court-ordered money judgments. Additionally, in eviction cases, clients will need the rental application and itemization of the security deposit for the property.
The initial step involves recording abstracts so your unsecured judgment automatically attaches to any real estate owned by your debtor. Then we’ll locate the debtor and their assets. Geraci uses a broad range of techniques to find the debtor using the information provided by our clients.
If our team is able to determine the debtor’s employment entity or retrieve their financial account(s) information, we will immediately facilitate either a wage garnishment or bank levy. Alternatively, if the debtor’s mailing address or telephone number is known, we will make direct contact with the debtor to obtain prompt payment of the outstanding balance. Depending on the balance owed, a judgment debtor examination can be had, where the debtor must identify the location of his assets for you to collect.
Geraci’s attorneys are skilled in negotiation approaches with debtors to assist clients in obtaining payment without a formal judgment. After we have established the debtor’s location, we will analyze the charges they owe and provide them any needed clarifying details to support the validity of your claim and our bilingual collection team is well-versed in structuring effective resolutions to common tenant-landlord issues and mitigating debtors’ objections.
Where applicable, Geraci will promptly report the existence of the unpaid debt balance to all three of the main credit bureaus (Experian, TransUnion and Equifax). Our legal team will maintain regular written and verbal communication until the statute of limitations expires and will thoroughly review the account for potentially establishing a judgement via small claims court. Factors such as the size of the debt and chance of successful collection following a judgment dictate whether small claims court is a viable alternative.