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Judgment Collection Blog | News | Information

Uncollected Judgments May Add Up to $ Trillions

There is one economic problem that is seldom discussed in the media -the number of uncollected monetary judgments. This refers to any type of case where someone wins a judgment in court, but is not able to collect the payment. This is something that happens far more frequently than is generally known. The results of judgments are frequently reported -such as someone winning millions of dollars in a lawsuit. However, we never hear about whether the winner of such a case actually collects this judgment.

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Should You Sell Your Judgment?

When exploring the features and benefits of Judgment Markeplace, we can look at it from the point of view of either the buyer/investor or the seller. While judgments undoubtedly provide a new and potentially profitable investment opportunity for buyers, there are also advantages for sellers. Let’s look at why you might want to consider selling a judgment and, if you do, what you should keep in mind to get the best possible price.

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The 7 Most Important Things to Know About Collecting on Money Judgments

When you win a judgment in court, you are still confronted with the step of collecting your judgment. Ideally, the debtor simply hands over the money and you both can get on with your lives. In practice, things are often more complicated. Debtors may be unwilling or unable to pay what they owe you. In such cases, you will have to make some efforts to either collect on your own, hire help or perhaps sell your judgment. Let’s look at some of the main points to consider when you have won a judgment.

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Tips For Choosing Judgments For Investment Purposes

Money judgments can be a lucrative investment opportunity. Although the concept is new to many people, it is now becoming more widely known as Judgment Marketplace handles high volumes of judgments, some of them high profile. As with any type of investment, however, there are some important tips you should keep in mind.

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Advantages of Judgments For Investors

The notion of judgments as investments is fairly new, and has largely come about since the formation of Judgment Marketplace. Prior to that, only large companies could consider judgments as a viable investment. Now, this is an investment possibility for anyone who is looking for a high value investment alternative.

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Legal Restrictions on Debt Collection

People who are awarded money judgments often find that collecting their money is the most difficult part of the process. When debtors don’t pay, it can be a frustrating experience. Yet before you attempt to collect the judgment yourself, you should be aware that the law places restrictions on what you can do in such cases.

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The Importance of the Satisfaction of Judgment Form

What is a Satisfaction of Judgment?

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How to Profit From Judgments You Purchase Without Collecting Yourself

The whole point of purchasing judgments on Judgment Marketplace is to earn a profit. How, exactly, do you make money when you buy judgments? People often have concerns about how they are going to collect on judgments when the original person (who they bought the judgment from) was unable to collect. There are a couple of options that allow you to overcome this challenge.

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Tips to Find Debtors and Deadbeats

In some ways, it’s harder than ever to “disappear” today without leaving traces. This can be good news if you are trying to find someone who owes you money -for example, if you’ve won a judgment against someone but they haven’t paid up. On the other hand, if your time and financial resources are limited, it can be challenging to track someone down. With this in mind, let’s look at a few tips for finding people using convenient and inexpensive tools. These tips are also helpful if you’re purchasing judgments on Judgment Marketplace and are trying to locate debtors.

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Two Effective Strategies For Collecting on a Judgment

Winning a judgment in court can be a satisfying experience, but only if you actually collect on it. It’s an unfortunate statistic that about 80% of money judgments are never collected, due to a variety of reasons. The debtor may not have any money or assets or they may be difficult to track down.

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The Problem of Enforcing Monetary Judgments

For many people who are awarded money judgments, the victory in court is only the beginning of their long road towards actually receiving this money. In some cases, the debtor simply pays. This is, naturally, the preferred scenario. However, in the majority of cases, it’s more complicated. Judgments often have to be enforced in a variety of ways before the creditor can collect.

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The Investment Value of Judgments

The concept of investing in judgments is not well known, but it’s emerging as a viable and potentially very lucrative investment strategy. The practicality of this depends on several factors, which have now come together in a way that benefits potential investors in tangible ways.

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Kim Kardashian Judgment Sells For $5,000

Judgment Marketplace has attracted quite a bit of attention in the media recently. First, a well publicized judgment against Kim Kardashian was put up for sale on the site. Then, the even more famous wrongful death judgment against O.J. Simpson was listed. Now, there is another piece of news that is making waves in the legal community as well as the mass media -the aforementioned judgment against Kim Kardashian has sold for $5,000.

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Judgment Against O.J. Simpson Now Being Sold at Auction

The trial of O.J. Simpson was one of the biggest stories of the 1990s. As most people know, Simpson was ultimately acquitted in a decision that remains highly controversial. Two years later, Sharon Rufo, the mother of murder victim Ron Goldman won a wrongful death judgment against Simpson for $9 million, which was seen as something of a vindication for the victims. Simpson, of course, ended up getting convicted for another crime -a 2007 armed robbery of sports memorabilia in Las Vegas. He has been in a Nevada prison since 2008. But what about the judgment? As it turns out, it was never paid.

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Collecting an Unpaid Judgment: What Are Your Options?

Perhaps, like many people, you were awarded a judgment after an accident, dishonest transaction or case of negligence on the part of someone else. You probably felt a sense of relief and vindication after winning your case. While the aware cannot undo whatever wrong you suffered, it could at least make things a little easier for you and your loved ones. Not only that, but it’s always a good feeling to have the legal system come down on your side and publicly declare that you were in the right.

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How You Can Collect on Kim Kardashian's Unpaid Dental Bill

Sometimes even the wealthiest people don’t pay their bills. A case in point is Kim Kardashian, who seems to be featured in at least a few news stories every week. With an estimated net worth of around $40 million, you might think that Kim would be able to pay her dental bills. Apparently, however, she is too cheap, stubborn or maybe just distracted to take the time for such trivial matters.

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A Market Solution to The Problem of Uncollected Judgments

Every year, millions of lawsuits are filed in the United States. This results in many judgments, ranging from trivial amounts to many millions of dollars. What many people don’t realize, however, is that many judgments are never collected. In fact, as many as 80% of judgments remain uncollected by the “winners” of these cases.

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Google Maps Germany in Jeapordy

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Deutsche Bahn sues Bombardier for $468 million

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Lohan Sues Clothing Line Associate

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States Support Same Sex-Marriage in Supreme Court Case

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Physicians' Group Sues Canadian Government

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Monsanto Case Reaches Supreme Court

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Oscar Pistorius Update (Tuesday, Feb 19th, 2013)

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Oscar Pistorius in Court Again

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Lawsuit Launched against Carnival Cruise Line!

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Social Security Claims 101

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Types of Judgement + Foreclosure Lawsuits 101

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National (and Perhaps Global) Judgment Enforcement through New York's Banks? A Discussion About Koehler its Legacy...

3/6/12

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The Counselor's Corner Editorial Intro

Greetings JudgmentMarketplace.com members and visitors! 

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Judgment Marketplace, Spurred by Feature in ABA Journal, Announces National Ad Campaign

Judgment Marketplace is a free platform for buying judgments, selling judgments and trading judgments nationwide.

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In the Judgment Trade: Law Student’s Website Helps Bring in the Cash

Shawn Porat isn’t your average 23-year-old law student. But then he wasn’t your average 12-year-old when he ran a successful business out of his parents’ home buying and selling items on eBay for friends and neighbors.

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