Unpaid debts are frustrating for business owners, but they are also a regular part of doing business. Successfully collecting on these commercial debts can directly influence your overall success as a business. Obtaining a judgment is just the beginning of the commercial collections journey.
The real challenge lies in enforcing that judgment and getting paid. At the Law Offices of Alan M. Cohen & Associates LLC, we fight to get you paid. Using ethical, but aggressive and relentless collections tactics, our commercial collection lawyers employ post-judgment remedies available to business owners in Massachusetts.
Post-judgment discovery
Post-judgment discovery tools can locate a debtor’s assets. Discovery methods can include interrogatories, depositions, and requests for documents to uncover hidden assets and income sources. Effective post-judgment discovery is essential for successful commercial debt collection on a judgment.
Seizing assets to collect on a judgment
One effective post-judgment remedy is the seizure of assets. Under Massachusetts laws, a judgment can be used to authorize the seizure of a debtor’s assets. When properly filed and executed, a deputy sheriff will seize and sell the debtor’s assets, with the proceeds of the sale going to satisfy the debtor’s judgment in favor of the creditor.
Property liens to satisfy a judgment
Placing a lien on the debtor’s property can be an effective way to secure payment and is authorized under Massachusetts laws. A lien prevents a debtor from selling off their real estate and property, or even refinancing it, without first paying the debt that is owed to you. This can include real estate, vehicles, and other personal property.
Contempt of court
If the debtor fails to comply with the court’s orders, filing a motion for contempt can compel compliance. This can result in additional penalties for the debtor, increasing the pressure to pay the judgment owed to you.
Schedule a consultation with an innovative commercial collections attorney
Navigating the complexities of post-judgment remedies requires persistence, an intricate understanding of Massachusetts commercial collections laws and innovative tactics. At the Law Offices of Alan M. Cohen & Associates LLC, our lawyers have over 50 years of combined experience and have dedicated their legal careers to commercial collections. They will aggressively, relentlessly and ethically pursue collection of your judgment. Don’t let unpaid judgments hinder your business. Contact us today by calling 508-763-6604 or by sending an inquiry through our online form. We fight to get you paid.