I am a Judgment Broker, and am not a lawyer. My articles are my opinions, and not legal advice. If you ever need any legal advice or a strategy to use, please contact a lawyer.
It's your judgment! You were the person who was done wrong by your legal adversary. You were the person who had a legitimate complaint, and took your problem to a court. You are the one that the court agreed with. It was you who were awarded a civil money judgment, to help make right the wrong that you suffered.
Nobody should pressure you to do anything with your judgment, because it is your judgment. If you do nothing, nothing will happen, and that is your right. You can wait a few years, or try to do something now; it is your choice and decision.
Most people want to get money from their judgment, and the laws and the economy make that challenging. Your plan or decision not to try to turn your piece of paper into cash is up to you. Most people would feel a whole lot better if they recovered some money from their judgment.
Judgments do not last forever, most of them expire after a certain number of years, although usually they can be renewed. There are many things you can do with your judgment, while waiting for it to expire. You can store it in a filing cabinet. You can frame it and hang it on a wall. One thing is certain, if you want to try to use your judgment to get money, it will cost you.
Even if you recover your judgment yourself, and do not share its ownership with anyone, you must spend time and money trying to recover money from it. Because only your debtor's available assets might be used to recover judgment money, nothing is guaranteed, and there is no guarantee what you spend is not just good money tossed in after bad.
It is your choice to retain ownership of your judgment when you hire a lawyer to recover it. Usually, you must pay them by the hour, unless you have a big judgment and your debtor is rich.
You might find a buyer for your judgment, however that usually gets you just pennies on the dollar. If you do not want to spend money, you can get an average of half of whatever is recovered, if you assign your judgment to a judgment enforcer.
It is your judgment and it belongs to you, so why do judgment enforcers want you to legally assign your judgment to them? Because anyone who is not an attorney cannot represent anyone else on any legal matter including a judgment recovery.
To recover a judgment, one (who is not a lawyer or a collection agency) must own it completely. After you assign your judgment, the enforcer will own your judgment, and have the legal right to enforce the judgment according to what is possible, and how they decide. Ultimately, whatever you do with your judgment, is absolutely up to you.
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