Legal Question in Credit and Debt Law in California
Assign debt to third party?
Any one had any luck with any of the firms to which you assign your judgment, and then they get a piece of the action only if they collect. They employ PIs (and attorneys, I think, as neeed) and what not and claim to be a lot more agressive and resourceful than collection agencies. Amount in controversy is $250K but limited funds to pay hourly to have it collected by an attorney.
5 Answers from Attorneys
Re: Assign debt to third party?
Certain law firm take cases on a contingency. Our firm is one of them. We need to review the documents. Please call us if you have any more questions.
Re: Assign debt to third party?
There is no need to assign or sell the claim. Even if you cannot pay any costs, you can structure the placement at a higher rate than normal. But costs are not that much, unless you are pursuing forced sale of homes and recorded examinations. Typical post judgment enforcement costs are $400 - $800.
A decent collection law firm can likely handle the case for you; and that way, you cut out the middleman.
Re: Assign debt to third party?
I would agree with Mr. Guerrini's estimate of the basic post-judgment costs. There is no need to assign your rights to a third party. An attorney working on your behalf can get the same results hiring the same investigators and perhaps give you a better rate.
My contingent fee rates generally range from 25%-40%, so feel free to contact my office for a complimentary consultation.
Re: Assign debt to third party?
You do not need to assign your judgment to a third party, if you are willing to retain legal assistance on an affordable contingency base fee structure. If you would like our prompt, aggressive assistance in this matter, contact us directly this week.
Re: Assign debt to third party?
An attorney may also be interested in representing you on a contingency in a matter such as this. I specialize in this sort of work; please feel free to call me if you would like to discuss this further.