Austin Debt Collection Attorney
A favorable judgment means nothing if a party is unable to collect on it. Unfortunately for too many Texas litigants, this is a lesson learned the hard way. All too many businesses invest extensively in obtaining a favorable verdict only to discover that the other parties to the lawsuit are judgment proof.
One of the best ways to avoid the inability to collect on a debt is to work with an experienced lawyer who takes the entire situation into account. At my Austin, Texas, law firm, I work with my clients to help determine what assets other parties have to collect. If assets are present, I do my best to ensure that the amount my clients invest in litigation is significantly less than those assets.
Weighing the Possibilities
When Texas businesses invest more in litigation than they can collect, they lose — even when they receive a favorable judgment. When you are considering litigation you need to know the assets and evaluate the people who would be involved in defending collection. But you need something more, if you are considering litigation.
I offer case evaluations for businesses in Austin, throughout Texas, and in other states. In these evaluations, we not only review the assets the other parties possess, but we also review the potential costs of litigation and the likelihood of prevailing at trial or negotiating a favorable settlement amount.
If you have obtained a judgment and you are unable to collect on it, you may need an attorney’s assistance with post-judgment collection. I help my clients take action to collect judgments, even when the defendants’ assets are difficult to obtain.
Of course, the test of collection possibilities versus cost of collection is the initial consideration. I give my clients my considered opinion in this respect.
If you choose to proceed, it may be possible to explore several courses of action, including filing for supplemental proceedings, such as depositions to learn what assets exist and where they are, turnover orders, and such.
The quality of my work has been well recognized by my clients, and I have received the AV rating* under Martindale-Hubbell’s peer review system.
Collection can be a long and involved process, but I have the resources to procure collection for my clients. I work diligently until my clients have recovered the damages they are due. For information regarding collecting a six- or seven-figure judgment for your business, I encourage you to call me at 512.457.1177 or contact me online to speak with me, Austin Attorney John McDuff, about your legal concerns.