Successful Collection of Ancient Judgment
ARCHITECTURAL MARBLE TILE & STONE INC., v M.G., - Supreme Court County of Suffolk
This is a case where we got a default judgment against a corporation and an individual (as a personal guarantor) over a business to business loan transaction that took place in 2010. For years, our judgment enforcement attempts were stymied by the fact that the individual guarantor closed down his corporation and took a job working for a relative. The defendant's new corporate employer (owned and operated by an immediate family member) wasn't as forthcoming as they should have been to information subpoena's seeking asset information about the judgment debtor. It appeared that this judgment had hit a dead end and would not be collected.
Years later, a skip tracer in my office decided to run an asset search on this file. This time, the judgment debtor's employer had recent promotional videos posted online that showed our judgment debtor was an employee. We immediately issued an income execution to the Suffolk County Sheriff's Office. Upon the employer's receipt of the income execution, the employer decided to make an offer of settlement on the judgment on behalf of the judgment debtor. After almost a decade, our client decided to accept the offer in exchange for a satisfaction of judgment.
Practice area(s): Bankruptcy / Debt