Whatever your favorite TV show about lawyers, whether it be Suits, The Practice, The Good Wife, or any of the many other shows centered around lawyers, all have a scene where the sympathetic plaintiff is awarded a large sum at trial. These shows ignore the important aftermath—the plaintiff’s attempt to monetize the judgment and actually recover money. As practicing lawyers (as opposed to television lawyers) know well, enforcing judgments can be difficult, time-consuming and all too often unfruitful.
In many situations, judgments remain uncollected, grow stale and are forgotten by creditors and their counsel. Those situations provide truth to the cliché that an uncollected judgment is not worth the paper it is written on. However, the precipitous rise in the value of real estate in the metropolitan area over the last year may bring value and utility to an otherwise long forgotten judgment. To take advantage of this opportunity, a savvy lawyer must know how to bring an old judgment back to life.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
