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Now in our series on finding hidden assets, we move to the first stages of aggressively collecting on the judgment you have won in court.  The first stop, looking at the debtor’s income.

Income/Earnings

Income and wages are considered assets. They may be garnished or used as necessary in order to satisfy a judgment. To collect on a judgment, you will need to know the prospective debtor’s income as well as his or her property. The same goes for collecting alimony or child support payments. A judge can settle any of these issues, but does not make the collection from the settlement.

Taroff & Taitz is Long Island’s premier debt collection attorney.  We represent creditors in many actions, from debt collection to bankruptcy.   Call today if you are having issues with debtors hiding assets, or for any other matter in which your rights as a creditor are being infringed on.

 

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