It’s not always necessary to obtain a judgment against a debtor before you can take steps to secure your right to reach the debtor’s assets. In some situations, your ability to collect a judgment in the future will depend on your ability to freeze the debtor’s assets today.
Attorney Joel Blumberg at CreditorCollections, A Law Firm, understands the full range of options to secure legitimate commercial claims against assets in Florida and he can help you realize the value of an eventual judgment. For advice about the availability of Florida prejudgment debt collection remedies related to a lawsuit pending or contemplated anywhere in the world, contact attorney Blumberg today.
Sound Advice About Prejudgment Remedies In Florida
The term “prejudgment remedies” covers a range of legal processes that can be invoked against an opponent before the claims and defenses raised by the parties are finally determined by a court.
Possible prejudgment remedies may include:
- Prejudgment attachment
- Writ of replevin
- Prejudgment garnishment of bank accounts or another property
- Temporary restraining order prohibiting the transfer or concealment of assets
Prejudgment remedies require a bond to be posted by the creditor. This is meant to ensure that the remedy is pursued in good faith and only in situations where the creditor is likely to prevail on the merits. The debtor can release the property from attachment or another writ by posting a bond as well, which further protects the creditor’s interest.
Never A Fee To Discuss Your Case
Some of the options you have to pursue may require a showing that the debtor is likely to interfere with your collections through the transfer or concealment of assets. In other situations, you can freeze the assets of a nonresident of Florida simply through an affidavit of nonresidency.
It’s not necessary that a Florida resident be involved in the main litigation or that the action is filed in Florida. The key consideration is whether sufficient assets of the debtor can be found in Florida.
To learn whether prejudgment attachment or other remedies against assets in Florida make practical sense in your situation, contact us online or call 561-683-5900 today for a free consultation with an experienced collections lawyer. From our office in West Palm Beach, we help clients throughout the world. We represent creditors on contingency.
