Using Wage Garnishments To Collect Your Judgment
If you have won a judgment against a debtor, very often it is difficult to collect the monies through judgment recovery. So difficult in some cases, that almost 80% of the $230 billion dollars in awarded judgments on the books in the United States go uncollected. One effective tool used by debt collectors is wage garnishments. If a debtor is employed and the place of employment can be located, a wage garnishment can be issued to the employer by the judgment winner and enforced with full authorization and backing of the courts.
However, a judgment winner should very carefully consider the implications of wage garnishment and the effects it will have on the debtor. Very often once the garnishment is sent to the employer and enforced, debtors will quit their job in order to avoid garnishment of wages, making collection of the debt all the more difficult. In order to make an informed decision about whether to issue the garnishment, careful research should be undertaken with consideration concerning length of employment, type of job and position.
If the debtor is employed in a low paying position or has not been employed for very long, the odds are increased that once the garnishment is enforced the debtor will very likely quit the job and find other means of income, in some cases working in a cash only environment. Learn more about judgment collecting.
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