GRDD Law has an extensive and substantial history of successfully collecting debts and money judgments through the state and federal courts of Virginia, Maryland, and the District of Columbia. Our creditors’ rights practice focuses on the collection of large commercial debts and money judgments, including judgments obtained in other states and foreign countries. Our vast knowledge of judgment enforcement laws, our familiarity with the legal procedures of the local courts, and our aggressive approach to locating assets, has helped us to build an impressive resume of successful collection cases.
Successful debt collection requires experience, persistence, and creativity, which are all attributes of the attorneys in our law firm.
Our attorneys understand how to review and evaluate collection cases using an assortment of investigative tools. We know how to negotiate favorable settlements in those cases when settlement is advisable and available.
- Evaluation of Debt
- Preparation of Collection Plan
- Review of Debt Instruments
- Identification of Debtors
- Investigation of Debtor’s Assets
- Consultation with Private Investigation Firm
- Demand Letter
- Settlement Negotiations
- Perfection of Liens and Security Interests
- Settlement Agreements
- Promissory Notes (including Confession of Judgment Promissory Notes)
- Deeds of Trust
- Personal Guarantees
If it becomes necessary to commence litigation to collect a debt, GRDD Law can help. See our Civil Litigation practice area page for more information about our civil litigation practice. Our attorneys will prosecute your case to trial, if necessary, so that a money judgment can be obtained.
GRDD Law has extensive experience enforcing and collecting money judgments obtained locally and from courts from around the country. We implement a tailored approach in order to maximize recovery. From utilizing debtor interrogatories and garnishment proceedings, to seizing assets and foreclosing on real estate, we work hard to help you actually collect the money to which your judgment entitles you.
We have successfully registered judgments obtained by clients in foreign countries and defended against the registration of judgments obtained on foreign soil. We delve into the procedures used to obtain judgments in various countries, and have an in-depth understanding of the Uniform Enforcement of Foreign Country Money Judgments Recognition Act. In addition, we have considerable experience utilizing domestic judgments to collect funds from companies and individuals located overseas.
Not all debts are created equal. Certain debts can be discharged when the debtor files bankruptcy. A discharged debt is uncollectible and the creditor is left without any recourse. However, certain debts are not dischargeable in bankruptcy. These include debts resulting from fraud, breach of fiduciary duty, certain types of personal injuries, and intentional torts. Determining whether a debt is not dischargeable requires a new lawsuit and litigation in bankruptcy court. We have substantial experience litigating these issues.
As a creditor, you have certain rights. Namely the right to get paid what you are owed. You are also limited in the ways that you are able to collect that debt. Creditors can create some very serious headaches for themselves if they fail to understand those limitations. We advise creditors of their limitations and legal obligations, while at the same time working to ensure that debts actually get paid.