QUESTION

how to collect from a judgement debtor

Asked on Jul 20th, 2017 on Civil Litigation - North Carolina
More details to this question:
personal loan: if i take borrower to small claims court and win how do i collect
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1 ANSWER

Appellate Practice Attorney serving New York, NY
I don't know the specific statutes in North Carolina, but all jurisdictions have collection laws which allow you, once you have obtained a judgment against a debtor, to: (i) take post-judgment discovery to find out what assets and sources of income the debtor has; (ii( garnish the debtor's wages or other sources of income; (iii) restrain and collect from the debtor's liquid assets, such as bank accounts; and/or (iv) foreclose upon the debtor's hard assets, i.e. have them sold and the proceeds used (once certain fees are paid off the top) to satisfy the judgment.
Answered on Jul 24th, 2017 at 1:32 PM

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