Can’t collect your civil judgment?
You’re in good company! A research study found that approximately 80% of judgments go uncollected. But that was a few years ago. In this economic climate, the percentage may be significantly higher. Judgment debtors often try to make it hard to collect judgments by moving, changing names, changing jobs, hiding assets, and evading any attempt to get them to pay. And getting the courts to help can be a daunting task!
Black Widow Financial Can Help!
We have access to national databases used by law enforcement, as well as a large network of resources including process servers, credit reporting agencies, investigators, and even attorneys where necessary. We find the deadbeats and their assets, and make them pay using a variety of lawful enforcement techniques, such as:
- Wage garnishment
- Property liens
- Levy (seizure) of bank accounts and other assets
- Court-ordered turnover of assets
And a host of other “tricks of the trade.” In fact, even if assets have been fraudulently transferred to someone else, we can often legally undo the transfer and make those assets available again.
All at no out-of-pocket cost to you!
That’s right, we charge no upfront fees. Even better, we pay for all costs of enforcing the judgment, including investigation, process servers, court filing fees, sheriff’s fees, etc. and YOU don’t need to do anything except sit back and receive checks from us. (Well, and cash them, of course!) You are paid when we collect the money, and if we don’t collect, we don’t get paid. So, we are highly motivated — and we don’t give up.
So how do we make our money? Good question!
When you assign a judgment to Black Widow Financial, in essence, we are buying the judgment from you on a “future pay” basis. Our agreement with you requires us to pay you 50% of any judgment monies collected. We do all of the work (which can be considerable), front all of the costs, and keep 50% of the judgment collected. Most people believe that 50% of something is worth far more than 100% of nothing.
Then, you also will be entitled to 50% of any interest (at 10% A.P.R.) earned on the judgment. If the judgment is fairly old, you may end up getting close to the original amount of the judgment, even at 50%. In California, judgments are good for 10 years, and may be renewed.
Black Widow Financial is not right for every judgment…
We are a California “boutique” judgment enforcement business that specializes in San Mateo County judgments, although we take judgments that have been issued in San Francisco, Marin, Santa Clara, and Alameda counties, as well.
As a small, very personalized business, “boutique” means we screen judgments very carefully, and do not accept every possible judgment. (See F.A.Q.’s for the types of judgments we do not take.) When we accept an assignment of a judgment, we are committing significant personal and financial resources to it, thus we treat each judgment carefully and individually, and enforce it relentlessly.
Don’t give up on collecting your judgment!
If you’ve just about given up on ever collecting your hard-won judgment, please contact us. We will do a complimentary pre-screening of the judgment to see if it’s realistically enforceable, and find out if we can help you get the money you deserve. We eat “difficult” for breakfast.