Colborne Associates

Judgment Recovery...at no further cost to you


 

Frequently Asked Questions

FAQ's

 

Are you sure this is legal? I've never heard of a judgment recovery service.
So, how does this work?
My case is pretty old. Can you still collect on it?
I really tried to collect but had no luck. What makes you think you can do any better?
Is success guaranteed?
What if you can't collect?
Isn't this something a lawyer can do for me?
So, how do we get started?


 

 

Are you sure this is legal? I've never heard of a judgment recovery service.

Judgment recovery is a relatively new business concept for collecting monetary awards.The process begins when we file an 'Assignment of Judgment' in the court that heard the case. This gives us the right to go after the debtor. Assignment is a legal term the definition of which is 'The act of transferring an interest in property or some right (such as contract benefits) to another'. It is used commonly by lawyers, accountants, business people, title companies and others dealing with property.
We are not a collection agency. Collection agencies send nasty letters and make harassing phone calls. We are more action then words, we are going after them, legally and personally. We will track them and their assets down. After a thorough investigation, we will then proceed to attach bank accounts, file liens, garnish wages and do whatever it takes to secure your money. If you have a judgment from small claims court that has never been collected, call or email us with the information, and lets get started with your judgment rescue. We want to make you the winner by collecting what is yours. Our staff observe all legal requirements while tracking down and serving debtors. We strictly observe PIPEDA (Personal Information Protection and Electronic Documents Act) and all other applicable laws when investigating debtors. We can get the job done while still observing the highest ethical standards. (back to top)

 

So, how does this work?

We start off with a little bit of paperwork. There are two basic contracts to be filed. The first is an agreement between Colborne Associates and you that details the responsibilities of each party and the method of payout that has been agreed to. The second is called an 'Assignment of Judgment' that is filed with the courthouse that gives Colborne Associates the authority to use every legal means available to satisfy the debt.
At this point we can start the process of going after the debtor. We will locate the debtor, determine the best method to collect the debt, and then execute the warrant(s) to make the collection. (back to top)

 

My case is pretty old. Can you still collect on it?

A debt never really goes away. Now having said that, there are some exceptions that can come into play. But to answer your question, if your case is less than 20 years old, let's collect it. Even if you have a really old judgment (over 20 years) and wish to act upon it, give us a call. It may still be actionable
The most desirable debt from our point of view is one that is 2-5 years old. The judgment debtor will be less likely to be looking over his shoulder and may even have completely forgotten about the judgment that has been awarded against them. If they had been hiding assets, or working 'under the table' in an attempt to hide them, by now they likely have relaxed their diligence. (back to top)

 

I really tried to collect but had no luck. What makes you think you can better?

We are judgment recovery specialists. If they are hiding, we have the ability to conduct a skiptrace to locate the judgment debtor. We can conduct an asset search to discover his assets. And, we have the knowledge and resources to utilize the legal system to enforce, or execute, the judgment. Our staff include Ontario licensed Private Investigators that can access both private and government documents that aren't available to the general public. (back to top)

 

Is success guaranteed?

There is no guarantee except that we will make our strongest effort. We put a significant amount of time and money into the recovery process. At times it can get quite expensive. It is in our best interests to recover as much as we can, as quickly as possible, in order to recoup our expenses, pay you, pay ourselves, and ensure everyone wins! (back to top)

 

What if you can't collect?

If we can't collect, then we don't get paid. There are some situations that where a collection cannot be done. For instance, Old Age Security and Canada Pension Plan benefits cannot be attached to satisfy a judgment. Bankruptcy would limit the ability to collect. And sometimes a person doesn't have a job, doesn't have any assets, there just isn't anything to liquidate. Perhaps that was your experience when you tried to collect.
If you found this was the case, where the debtor simply didn't have the ability to pay their debt, waiting for a while can be a good strategy. That's why going after them after a few years have passed can sometimes be a good thing. By now they may be back on their feet.
The judgment debtor may be in a better financial position today than he/she was two or three years ago, has a job and possessions now and can pay this debt. (back to top)

 

Isn't this something a lawyer can do for me?

Yes he can. An attorney or paralegal will ask for a retainer up front and then charge an hourly fee. And you will have to pay him even if he is unsuccessful in his collection. Much of my efforts are time-consuming searches through records for assets. While most attorneys are very good at litigation, they generally don't do so well at judgment enforcement, and their hourly fees for researching can hurt!
Colborne Associates only get paid when we collect. We neither charge an application fee nor require you to cover any upfront expenses. We purchase the judgment from you for a percentage of anything that we are eventually able to recover from the judgment debtor. All expenses and legal costs incurred in the enforcement of your judgment are advanced by us. There's never a penny out of your pocket, we pay all expenses! (back to top)

 

So, how do we get started?
If you have seen enough to know that you are ready to move ahead, CLICK HERE to go to our online form. If you still have questions please call or email us today for a Free Consultation and a confidential no-cost assessment of your judgment. This usually takes between 5 and 10 minutes.

 

To recap:
We neither charge an application fee nor require you to cover any upfront expenses. We purchase the judgment from you for a percentage. All expenses and legal costs incurred in the enforcement of your judgment are covered by us. There is never an up-front charge of any kind! (back to top)
 

 
Colborne Associates is not a legal firm, attorneys or collection agency. We do not engage in providing legal advise. If you are in need of legal advise, please contact an attorney for information.