Figuring Out What to Do When Your Debtor Relocates
Are you frustrated because your debtors are moving out of state?
Are you having a hard time keeping track of your debtors?
Are you wondering how you can still collect on your judgment?
People move around – it’s what people do. Quite literally, debtors can be moving targets – hard to keep track of and hard to collect from.
When a debtor moves, use your best skip-tracing efforts to locate them. Make demands on your debtor in the new location and try to persuade them to pay. Verifying an address, phone number, and a new bank account or place of employment furthers the cause. When you’re trying to collect a judgment from someone who has moved away, remember:
- States are obligated to recognize judgments obtained in other states under the Full Faith and Credit provisions of the U.S. Constitution. Most states have foreign judgment recognition laws to facilitate enforcement of international judgments.
- When the amount owed justifies the additional effort and expense, depending on where your debtor is located, you may be able to enforce your judgment in a foreign country.
- You may be able to recover additional fees and court costs associated with chasing your debtor to the new location to collect your judgment. You should discuss this with your debt collector up front so you don’t end up with a huge bill for costs that may be deducted from the money you recover.
- Expect that you’ll need to hire a debt collector in the new state to enter the judgment with that state’s rules, and initiate collection proceedings there.
Debt Collectors in Michigan Since 1961!
Since 1961, Muller, Muller, Richmond, & Harms, P.C. has excelled in the collection of debts owed from within the state of Michigan. Over more than a half-century, we have earned - and sustained - a reputation for being aggressive, yet straightforward and ethical. It is this manner of operating that has brought to our offices in Birmingham and Grand Rapids clientele from all 50 states, and around the world. And it is because our top-rated attorneys work with you to create a strategy customized to meet the very specific needs of your business that we consistently achieve for our clients the best possible outcomes.
Take the First Step! Our Debt Collectors in Michigan Can Help You!
Our debt collectors handle all of the work for you. To get information, and determine your next move, fill out the Information form on our “Contact Us” page, or call us at 248.645.2440. Don’t let the money owed to you get away – get started today!
We look forward to hearing from you.