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Finding the money after a judgment: Using a supplementary process to locate hidden assets

On Behalf of | Nov 14, 2024 | Business Debt Collection, Commercial Debt Collection, Judgment Collection

You’ve gone through the trouble of obtaining a judgment against a debtor, yet here you are, now facing the frustration of having to find money to collect. The debtor seems to have vanished, taking their assets with them. Sound familiar? It’s a predicament many business owners in Massachusetts encounter. But fear not, the supplementary process in Massachusetts can be your saving grace.

At Law Offices of Alan M. Cohen & Associates LLC, our commercial collections attorneys have more than 50 years of combined experience helping our business clients collect on their unpaid debts. By utilizing aggressive, relentless and innovative tactics, ethically allowed under Massachusetts laws, we help clients collect unpaid judgments.

What is the supplementary process?

The supplementary process is a powerful legal tool designed to uncover hidden assets after a judgment has been entered. It allows creditors to summon their debtors to court for the specific purpose of disclosing their financial situation.

What happens during the supplementary process?

The debtor is ordered to appear in court and answer questions under oath about their assets, income and financial status. In doing so, this process helps identify any hidden or undisclosed assets that can be used to satisfy the judgment. If the debtor fails to appear, the court may issue a capias warrant, leading to their arrest. It’s a serious matter that can compel even the most evasive debtor to cooperate.

How we can help with the supplementary process

While the supplementary process is a relatively simple post-judgment proceeding, it helps to have legal guidance and advice to make it an efficient and effective one. Leveraging our many decades of combined experience, we help by:

  • Conducting a thorough investigation: Our experienced commercial collections lawyers will dig deep to uncover assets that debtors may try to hide.
  • Relentless pursuit: Our legal team will not give up until every avenue is explored.
  • Legal guidance: Our commercial collections attorneys have a thorough understanding of Massachusetts’s intricate and nuanced debt collection laws. We will work to protect your rights as a creditor and fight to enforce the judgment in your favor.

Collecting on a judgment is not just about persistence; it’s about knowing the right legal moves. Hiring an experienced attorney can make all the difference and greatly increase your chances of actually getting paid.

Let us fight to get you paid!

Our aggressive and relentless commercial collections attorneys are available for initial consultation appointments. Let us answer your questions and tell you more about how we can help you with your case. Let us fight to get you paid.

To schedule an appointment, call our office at 508-763-6604 or send us a message using our online form. We look forward to hearing about your unpaid debts.

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