Collecting on a commercial judgment is usually either pretty darn easy or pretty darn hard.
The easy ones usually involve healthy, profitable companies that tend to pay their debts and, commonly, judgments that are small enough relative to the overall size of the defendant that it’s just easier for the judgment debtor to pay than for it to face the consequences of not paying.
A judgment debtor that doesn’t just pay when nicely asked is subject to a panoply of post-judgment collection remedies. But those remedies cost time and money. And, often, the attorney that obtained the judgment the plaintiff is not well equipped to collect on the judgment.
Some tools are better than others when seeking to collect. If you happen be collecting on assets located in Illinois, you need to know about the tools known as a citation to discover assets. Read all about it in You Sued and Won. Now What? How to Enforce a Judgment in Illinois and Turn It Into Cash.