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How can a Rule 69 deposition help in debt collection?

On Behalf of | Sep 29, 2021 | Post-Judgement Collections

If you are trying to collect on a debt, you may feel relieved when you finally have that judgment in hand. After all, obtaining a judgment from the court is the hard part, right? Not necessarily. Unfortunately, collecting on that judgment could prove to be a challenge. The experienced commercial collection attorneys at Law Offices of Alan M. Cohen LLC have almost 50 years of combined experience assisting clients with not just obtaining a judgment, but actually collecting the money their debtors owe them.

In order to collect your money, you need to find out what assets your debtor has available. In many cases, we attempt to do this before the judgment by using pre-judgment attachments. If that is not possible, we will engage a debtor in post-judgment collection efforts through a variety of methods.

What is a Rule 69 deposition?

In litigation, attorneys collect evidence through a process called discovery. We can request documents and ask questions either on paper or in person, referred to as a deposition. A Rule 69 deposition allows us to search the debtor’s financial records and examine their bank accounts and statements. We can do the deposition through documents only, live testimony or a combination of both.

With access to your debtor’s records, not only can you see what they have in their regular accounts, you may even find assets they were trying to hide from you and the court. Once you identify the assets, you can seek to reach them through using your execution through seizure or liquidation. In the process, you may discover other tools available through post-judgment litigation that will help you succeed.

A judgment is not enough

Simply winning in court does not automatically mean you will receive the money your debtor owes you. You must go the next step and enforce your judgment by pursuing your money. The skilled collections attorneys attorneys at Law Offices of Alan M. Cohen LLC have over 50 years of combined experience doing just that. We don’t stop fighting for you. Find out how we can help with your commercial collection matter by calling 508-620-6900 or reaching out online.

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