An Assignment Order Can Help You Collect The Money You Are Owed
If your debtor is self-employed, traditional wage garnishment will not work. Remember, wages are not the only source of income. If your debtor has money coming in from sources other than wages, an assignment order will redirect those funds to you. Common sources of money include:
- Commissions from real estate or other sales
- Royalties and payments made for patent rights
- Dividends, interest or residuals
- Payments for work performed as an independent contractor
- Tax refunds
- Legal judgments
- Other accounts receivable
What Is An Assignment Order?
An assignment order redirects your debtor’s right to payment to you by placing a lien on contingent payments — like rent and commissions. If and when payments are made, the payers must pay you — not your debtor. If they fail to do so, they will become indebted to you, on the hook for the money you are owed.
Are You Struggling To Collect A Debt? You’ve Come To The Right Place.
Collecting on a judgment isn’t easy and writing a threatening letter or making a phone call won’t do the trick. You need a team of skilled professionals who know how to apply the right kind of pressure. Joshua P. Friedman & Associates, Inc., is that team.
Attorney Joshua Friedman pursues every available avenue of payment until his clients get what they are owed. He can help you. Call 310-278-8600 or contact us online to get started. Located in Los Angeles, lawyer Friedman represents individuals and businesses throughout the state.