Collecting On A Court Ordered Settlement
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Collecting on a court ordered settlement is harder than you think. There are a number of legalities that are involved, and the best way to go about tackling all those would be to hire a good lawyer to represent you.
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First, when it comes to selecting the right lawyer, make sure he or she has only the best legal advice to offer, when it comes to the issue of a settlement. There is money involved, and you must do everything possible to make sure that you have received all that is legally due to you.
Collecting on a court ordered settlement is a lengthy process and you must be mentally prepared to stick it out. Sometimes it may even take years before you get to see even one cent of what is owed to you, so plans of spending that money is best saved for later. The ways these settlements work are either through what is called ‘garnishment’, ‘attachments’, or ‘estate’. A common procedure followed by courts when it comes to matters of settlement, garnishment occurs when the money that is owed by a person is debited directly from his or her paycheck every week. The legal system usually entitles the court to take only about 25 percent, so it may actually take a long time before the entire amount can be yours.
Attaching property is another method the courts use to collect on settlements, and this happens when a person is not allowed to sell his or her property without first clearing off what is owed towards the settlement. Finally, there is estate, which means that when a person dies, his money must first be used to clear any outstanding settlement dues, before being used for other purposes.
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