If you are a creditor and have not been paid by a debtor, then every day that you do not take the appropriate legal action gives other creditors time to file in court and get first crack at the debtor’s assets. It is satisfying to receive a judgment through litigation, but a judgment does not necessarily guarantee payment. Realizing on or enforcing your judgment to recover your debt is often as much art as it is law. If you are having trouble receiving your payment, there are remedies available to you if you act quickly enough.
At Wiebe Wittmann El-Khatib, we have more than 120 combined years of experience representing small- to mid-sized businesses, trustees and banks. Our lawyers have taught courses, spoken at banks and are nationally recognized experts on the topic of creditor remedies. Our clients trust us to handle these matters quickly, confidentially and in a cost-effective manner.
There are several remedies available to creditors both before and after they receive a judgment, including:
- Execution and seizure of assets
- Garnishment of bank accounts and other accounts receivable
- Garnishment of wages
- Appointment of receivers
- Realization and enforcement against security
These remedies exist to help creditors receive money owed to them by individuals or other businesses before or after judgment has been awarded. Our job is to assist clients in recovering their monies.