1. © Joe H. Dickerson 2017

2. Parameters for Buying Judgments (Portfolios)
Spot Audit/Due Diligence Prior to Purchase
Minimum/Maximum Dollar Amount
Geographical Location of Debtor
Has Seller Recovered Any Assets?
Are there Guarantors?
If so, are there judgments in file?
Does guarantor own real estate with equity?
Has the Statue Run – State by State
Average Note Balance
Assemble the Proper Enforcement Team

3. Obtaining a Judgment is One of the First Steps in the Recovery Process
Issues to consider in judgment enforcement:
Depending of the specifics of the case, what is the most cost- effective strategy that may be employed?
What collections options exist and have they been explored?
Has the judgment debtor engaged historically or subsequently in fraudulent activities?

4. Post-Judgment Service Options
Docketing of Judgments
Due Diligence Research if Not Done Pre-Judgment
Settlement Negotiations if it Appears the Judgment Debtor has Significant Assets
Garnishment of Earnings
Garnishment of Brokerage and Bank Accounts
Execution on Assets
Bankruptcy Protection of Creditors’ Rights
Foreclosure of Real Estate Liens
Identification of Fraudulent or Illegal Asset Transfers

5. The Typical Approach vs
The Typical Approach vs. the Financial Forensic Approach to Judgment Enforcement
If you keep on doing what you have always done, you will keep on getting what you have always got!
Here is a new and proven approach that works!

6. Typical Approach To Judgment Enforcement
Interrogatories
Subpoena DT
Debtors Exam

7. Shortcomings of the Typical Approach
Interrogatories
Limited Questions – No Follow-up Opportunities
Limited Questions – No Details

8. Shortcomings of the Typical Approach (Cont.)
Depositions
You Do Not Know Everything to Ask For
They Never Produce Everything
They Lie
They Promise to Produce Later but Never Do

9. Shortcomings of the Typical Approach (Cont.)
Both Interrogatories & Debtor(s) Exams are often Counter-Productive

10. Financial Forensic Approach to Judgment Enforcement
If the Judgment is based on Fraud it is not Dischargeable in Bankruptcy

11. Comprehensive Research
Addresses
Phones
Driver’s Licenses
Vehicle Registration
Business Affiliations
Professional Licenses
Hunting/Fishing Licenses
Bankruptcies
Liens & Judgments
UCC Filings
Properties Owned
What Can We Learn?

12. Comprehensive Research (Cont.)
Addresses
Occupant(s)
Owner(s)
If Different may be Rental
If Business – Research Name
May be Owned by Debtor
If so, Search for Bank Accounts and Other Assets
May Help Prove or Disprove Homestead

13. Comprehensive Research (Cont.)
Phones
Subpoena
Long Distance Calls
Offshore Relationship(s)
Business Associates
Lodging(s)
Hotels
Charges
Payment(s)
Calls (May Not Want to Appear on Cell Phone Bills)
Casino(s) – Credit Balance

14. Comprehensive Research (Cont.)
Driver’s License
Date of Birth
Physical Description
Address(s)
May Be Mail Drop
May Help Prove or Disprove Homestead
Tickets
Vehicles – Ownership & Lien
Subpoena Credit Application
Subpoena Payment Instructions

15. Comprehensive Research (Cont.)
Vehicle Registration(s)
Name(s) & Dates of Birth
Make and Model of Vehicle
Address(s)
Value of Vehicle
State of Registration(s)
Lien Holder(s) – If Fairly Recent, Subpoena Application and Payment History
Earliest Date
Latest Date
Expiration

16. Comprehensive Research (Cont.)
Business Affiliations
Name(s)
Title(s)
Social Security Numbers
Company(s)
FEIN/TIN
Dates (From/To)

17. Comprehensive Research (Cont.)
Professional License
Realtor
Doctor
Contractor
Nurse
Accountant
Engineer
Etc.

18. Comprehensive Research (Cont.)
Hunting/Fishing License(s)
Type
State(s)
Date(s)

19. Comprehensive Research (Cont.)
Bankruptcies
Case Number(s)
Dates Filed
Chapter
Disposition Date
Disposition Dismissed/Discharged
Judge Assigned
Court Location
Trustee

20. Comprehensive Research (Cont.)
Liens & Judgments
File Number
Filing Type
Location (Court)
State(s)
File Date
Amount(s)
Debtor name (Person and/or Entity)
Debtor Social Security Number
Debtor Address(s)
Creditor Address(s)

21. Comprehensive Research (Cont.)
UCC Filings
Filing Jurisdiction (County or State)
Filing Number
Filing Type (New, Renewal, Release)
Filing Date & Expiration Date
Filing Agency (Person or Entity)
Filer’s Address(s)
Debtor Party(s)
Debtor Address
Collateral
Second Party(s)

22. Comprehensive Research (Cont.)
Properties Owned
Parcel Number
Property Address
Owner Name(s)
Owner Address(s)
Property Values (Assessed Value & Market Value)
Land Value
Improvement Value
Legal Description

23. Benefit(s) of the Financial Forensic Research
From the Financial Forensic Research, it can be determined if the Judgment Owner should invest in Judgment Enforcement with a good likelihood of Success!

24. -------�-, Safe Deposit Box: Signature Card & Opening Records
ucc Filings
Defense Attorney: Garnish & Subpoena all payment instruments
Personal / Business Credit Reports
Loan & Mortgage Applications
Treasury Management Information
FBAR Reports
Intermediary Bank Discovery
Safe Deposit Box: Signature Card & Opening Records
All Credits for 24 Months
All Debits for 24 Months
Loan Applkation
Landlord or Mortgage Co.
Lender for Home Loan
�-,
Wire Transfers
Break Order
Payments from Various Sources
24 Months of Payment Instruments 1
Person/Business Financial Statements
Authorization
Loan Application
Wire Transfers
Paper
Tax Returns
Ta>C Returns
Rental Payments
Voice Recordings
Banks
Mortgage Co. Real Estate Vehicles Personal Property
Financial
Salary Interest Real Estate
Partnerships
Securities Address
Statements
Real Estate
Money Orders
Title to Off-Shore Real
Estate
Brokerage Accounts
Cashiers Checks
Homeowner
Insurance Company
Name of Co.
Address of Co.
Policy No.
Trust Distributions
._ Investments Trust
Securities Private Entities Accounts Receivable
Accounts Payable
Checks
Accountant Trust
SSN Ta>CJD
Dependant Offshore Banks
Trust Instrument
Country Club Membership
Scheduled Personal Property
Furs
Art
Antiques
Etc.
Investments Brokerage
Writ of Attachment
Offshore Entities
© 2015 Financial Forensic Services, LLC
Offshore Bank
Offshore Insurance Co.

32. Any Questions?
For a copy of this presentation or to discuss your Debt or Judgment Enforcement:
Send an to:
 Call us at