Craig Weiner and Michael KolcunNovember 21, 2017, 1:02 PM EST
Law360, New York (November 21, 2017, 1:02 PM EST) -- Judgment creditors, and even their attorneys, often view collections as a time-consuming and expensive endeavor to obtain what a court has already ruled they are entitled to recover. To make matters worse, the various methods of judgment enforcement are typically controlled by arcane state laws inundated with debtor-friendly roadblocks.
A particularly thorny problem may arise when, after filing suit and obtaining judgment, a creditor learns that the debtor is insolvent and possesses no collectible assets. With no apparent means to satisfy their judgment, a creditor may...