In a corp - corp agreement, the other company did not pay for services and we went to the court and got the default judgment. Now, how do we collect the money from them ?.. we do not have details about their bank accounts and assets. Also what if they are keeping low balances in their accounts.
Thanks for your advice and appreciate your help!
Residential Real Estate Lawyer
I agree with Attorney Goldstein, and you can likely find all the information you need to accomplish this without an attorney; however, depending on the amount of the judgment, you may want to hire an attorney to handle execution for you or at least consult so that you follow all of the necessarily procedures.
2 lawyers agree
I agree with both of the above answers and concur on the need to follow the correct procedure when using the citation to discover assets. The state statute regarding service of citations to discover assets was amended in July of 2012 to require personal service on judgment debtors (as opposed to service by certified mail). If you are not clear on the procedure, you may want to consult an attorney.
This answer is not intended to provide legal advice or create or imply an attorney-client relationship. This answer contains only general statements and opinions of the law and should not be relied upon for advice or application to a particular circumstance or set of facts. No attorney/client relationship is formed by the publishing of this answer or responses to it. No information contained herein is a substitute for a personal consultation with an attorney. You should not disclose any private or confidential information publicly, whether on the Internet or otherwise, and you should consult with a lawyer licensed to practice in your state to obtain customized legal advice for your unique situation.Visit www.batavialaw.com or call (630) 406-5440 for more information.