Legal Question in Credit and Debt Law in Florida
Judgment recovery
I won a civil judgment against a former landlord who won't pay. In the process of learning how to get my money out of him, I have discovered that about 80% of judgment holders don't collect their money and I am wondering if it is legal in Florida for people to transfer or assign their judgments to me so I can collect their judgments paying them a percentage of whatever I am able to collect. I checked the Florida statutes regarding claims but I really couldn't understand the legal jargon. And are claims really the same as judgments? I really just want to know that this is legal in Florida before I start a sole proprietorship judgment recovery business. Thanks.
1 Answer from Attorneys
Re: Judgment recovery
No Florida law prohibits the assignment of judgment collections to another person or entity. In fact, many people make their living from it.
There is a difference between a claim and a judgment. A claim is a belief that money is owed from one person or entity to another that is yet to be proven in court. A judgment is a court order validating that a claim is indeed owed. A claim cannot be collected on by authority of court, a judgment can.
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