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Foremost Search & Recovery Co., PO Box 308, Camden DE 19934 |
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Q: Is there a statute of limitations to collect my judgment? A: Yes. In Maryland, judgments expire in 12 years while in Delaware the limit is 10 years. However, it varies in other states. The time limit can be extended by petitioning the court before the expiration date. We wait 30 days after judgment date to let the appeal process expire. Q: What type of judgments does Foremost accept? A: Foremost is currently accepting civil judgments between $500.00 and $10,000.00 generated in small claims courts. Because of legal precedence, we do not acecpt judgments from family law and criminal law cases. Q: Can I collect interest on my judgment? A: Yes. Interest began accruing on the judgment date at the legal rate of interest set by the court (approx. 10%) in the State of Maryland. The interest rate, in most cases, is stated right in the judgment, but if it is not, we will research it for our client. Q: Why shouldn’t I use a collection agency for my judgment? A: A collection agency typically contacts the Defendant and irritates him to death! They rarely collect money. We just investigate, locate, and seize assets and find out where the Defendant is employed. We are a Maryland collection agency specializing in collection of judgments. We are unique in this fashion. Q: Why shouldn’t I use a collection attorney for my judgment? A: You can, if you’re willing to put down a large retainer and pay a fee of between $125-$200/hour, with no guarantee of collection! With our service, you only pay if we collect! Q: Must I pay any money in advance? A: No. We advance all fees incurred in collection. The expenses are deducted from the judgment settlement before it is distributed. Q: Is there a guarantee you will collect my judgment? A: No. Sometimes the Defendant has no assets to seize but you can be assured we will do our best because we only get paid if we collect. Q: How long before I will see any results? A: A typical case takes 180 days to locate the Defendant and see what assets they may have. Q: What if the debtor filed bankruptcy? A: Let us check with the federal court to see if they actually filed for bankruptcy. You wouldn’t take the Defendant’s word, would you? If the debtor did file bankruptcy, most likely we can not collect the judgment. That’s the federal law. If fraud is established after the bankruptcy, we may be able to collect your judgment. It really depends on the individual situation. Q: How successful are you at collecting? A: Our batting average is 65%. This is contingent upon information and assistance from you! Any information you can give us on the debtor helps us locate them. (Example: applications, phone numbers, relatives names and addresses, etc.) Without this information, our average is slightly lower. Q: I have a judgment awarded in another state. Can you help me? A: Yes. We have 350 associate judgment collectors nationwide who will help us in other states. Q: How does all work? A: First, we complete an agreement specifying how collected funds are to be distributed and dispersed. Then, you transfer the judgment rights of collection to us, making us the legal judgment creditor on the court’s record. Once we have filed our assignment in court, we can legally take the necessary steps to enforce collection. Q: What are your fees for this service? A: Our fees are based solely on a contingency basis. Nothing will ever come out of your pocket. we pay for all the skip tracing and court filing fees up front, then deduct them from any amount collected before taking our percentage. After that, we will file a form at the courthouse which will increase the judgment by the amount of any fees we have incurred so that you will get an accurate percentage of the judgment award. Q: I’m sold! What’s the next stop? A: Just complete the online application. We will contact you by telephone and send the necessary documents for your notarized signature. Upon receipt of these notarized signed documents, we will initiate collection. |
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© 2008 DAR Service, Inc., Camden, DE 19934. |
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