Legal Question in Credit and Debt Law in New York

collecting a court awarded judgment

I am interested in discounting a court awarded judgment for cash up front. The judgment is filed in Albany County, New York in the amount of $80,702.07. Are there companies who purchase judgments at a discounted amount?

Thank you.

Dan Heenan


Asked on 6/04/08, 3:08 pm

1 Answer from Attorneys
Jeffrey Shepro Jeffrey Shepro PC: NY Commercial Real Estate and Business Law

Re: collecting a court awarded judgment

Yes there are companies that may buy judgments for cash up front at a discount. Whether the company will purchase the judgment and how much they will pay depends on whether the judgment is collectable overtime, collectable upfront or collectable at all. Current interest rates are also a factor. Collection attorneys often collect judgments as well. Feel free to contact me directly if you would like to discuss further.

Best,

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Answered on 6/04/08, 4:52 pm


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