Keynote Judgment Recovery, The Proven Judgment Recovery Specialist!

Home

FAQ

Place a Judgment

Free Consultation

The Process

What we Do

What we Don't Do

Forms

Testimonials

About Us

Contact Us

Search

Links

Your Privacy

Home

 

Frequently Asked Questions

Will I have to pay any expenses

Are you a Collection Company

How do I know I can trust you

How long will it take you to collect on the judgment

Why don’t I just collect the judgment myself

Why don’t I hire an attorney to collect my judgment

Why don’t I hire a collection agency to collect my judgment

What if I am already working with a collection agency to collect my judgment

I don’t have the judgment yet but someone owes us money

How does the compensation work

Will you buy my judgment upfront for cash

What does ‘Assigning’ a judgment mean

Why does KJR only purchase judgments

Do you work on a contingency basis

Does the Judgment have to be of a certain dollar amount

How are expenses handled

What paperwork is involved

What if the Debtor declares Bankruptcy

What if the Debtor Changes jobs or moves

Isn’t the Debtor required to pay me

How long is a Judgment good

What if my judgment has already expired

Why should I work with KJR

What is the process

How do I know you’ll pay me the amount you owe us

Can you guarantee me that you will collect my judgment

Who is Keynote Judgment Recovery, Ltd.


Will I have to pay any expenses?

No.  There are no out of pocket expenses that you have to pay!  You will never owe us any money.  Any money that is paid will be paid by the debtor never you.  Expenses on average are around $200.  They may be more they may be less.  We cover the expenses of doing the recovery as they are incurred and we are reimbursed for the allowable expenses out of the funds that are recovered from the debtor.  If no funds are recovered then we are out that amount of money not you!  Some expenses we can petition the court to add to the amount the debtor owes so the debtor will pay those expenses.

Back to Top

 


Are you a Collection Company?

No.  We aren't a collection agency.  We are a "Judgment Recovery" company.  We specialize in PURCHASING existing judgments and then recovering the money owed.  We pay you the amount we have agreed to pay per the purchase agreement document that is signed upfront when we purchase the judgment.  Reference to the following sections of the website for more information about what Keynote Judgment Recovery, Ltd. (KJR) is all about:

Back to Top

How do I know I can trust you?

Good question.  Trust implies a track history and since we’ve just met we don’t have that track history yet.  Naturally, we will develop that trust over time through our personal dealings with you and how we handle ourselves both during the purchase and after we have purchased the judgment(s).  One of the best indicators that we can provide you right now are positive recommendations and comments from past clients found in the testimonials section of the website.

Please note that Keynote Judgment Recovery, Ltd. formed in 2009 and is a proud member of the Cincinnati Better Business Bureau without a single complaint!  To contact the BBB, call (513) 421-3015 or visit their website at www.bbb.org.

Please note that our original business (Keynote Property, Inc.) has been  proud member of the BBB since 2001 without a single complaint!

Back to Top

How long will it take you to collect on the judgment?

We can NOT give you an exact date or make a guarantee that we will be able to recover funds on a specific judgment.  We have a very high success rate on recovering judgments to date but it is NOT a fast process.  Visit the process section of the website for a better understanding of how KJR will pursue the recovery a judgment that we have purchased.

It may take us a while to find where the Debtor lives, works, and has their assets.  Sometimes the Debtor recently moved and it may take a while before we are able to relocate them.  This may delay our recovery efforts but it will not end them.  We will simply check back later and continue our efforts then.  We are motivated to recovery the judgment because that is the only way we get paid!

There are cases where we are unable to recover a judgment but this is definitely more the exception not the rule.  If the debtor has no assets and does not work or their income can not be legally touched, we can't, as they saying goes, "get blood out of a turnip".

Back to Top

Why don’t I just collect the judgment myself?

Yes.  You have every right to go after the Debtor and collect your own judgment.  How many months or years has it been since your judgment was issued?  Why haven’t you gotten around to collecting the money the court has said you are owed yet?  You’re in good company since 80% of all judgments in the United States are NEVER collected!!!

Answer #1:  Because it isn’t easy if the Debtor doesn’t pay voluntarily (which doesn’t happen often.  If they wanted to pay you they would have made payment arrangements already BEFORE you obtained a judgment).  It takes a concerted effort over time and a lot of specialized skills and know how to MAKE them pay.

  • Being a Judgment Recovery Specialist takes a specialized set of skills just like a being a carpenter, auto mechanic, plumber, computer programmer, nurse, etc.  It takes a long time to become proficient at the skills in each of these fields and until you’ve gone through the learning curve your progress will be slow and painful! 
  • Whenever I’ve called a specialist it’s amazing to see how efficient and effective they are in completing the task at hand.  No wonder since they’ve done it many times before.  All I care if that it ACTUALLY GETS DONE!  Let’s us help you recover the money you are owed.  Would you rather have a worthless piece of paper called a “Judgment” or some paper with past president’s pictured on them in your hand?

Answer #2:  It isn’t a priority for you 

  • Helping you recovery your judgment is our specialty.  It’s a priority to us because it’s how we make our living.  We are guessing each month that passes all the things you have to do in order keep your business, career, family, and all the other demands of a busy life on track have push working on collecting on a judgment to the bottom of the “Maybe someday pile…”.
Back to Top

Why don’t I hire an attorney to collect my judgment?

Yes, you can hire an attorney to collect your judgment for you.  Be aware that most attorneys will only do so on a "contingency basis".  This means you will have to pay upfront hundreds of dollars with no guarantee that they will ever collect a dime!  Typically you'll be paying all their expenses plus they bill out at a high hourly rate too.  With KJR you have ZERO out of pocket expenses.  You won't spent anymore time or money chasing the debtor.  We take care of everything.  You just cash checks!

Back to Top

Why don’t I hire a collection agency to collect my judgment?

This is another valid option.  However, most collection agencies specialize more in helping companies and individuals collect on pre-judgment accounts and don't have the same duties and rights to collect on their accounts.  They are setup to write letters and make phone calls and that's about it.  They typically do NOT have the expertise or invest the time we do to recover a judgment.  Unless the debtor voluntarily decides to make payments, we have found most collect agencies are not very effective in collecting on judgments.  If the debtor was planning on paying you, they would have already done so and you wouldn't have had to obtain a judgment against them in the first place!

Back to Top

What if I am already working with a collection agency to collect my judgment?

The first step is to contact the collection agency and find out if there is any cost to you if you should decided to terminate working with the collection agency.  If you decide to end the collection agencies involvement with your judgment, send the collection agency a letter indicating this fact.  After the collection agency has closed your account, you can assign your judgment to KJR and we will start working to recover it immediately.

Back to Top

I don’t have the judgment yet but someone owes us money?

Get the judgment first and then contact us.  We can only work with so many clients at a time.  So if you have a promissory note that isn’t being paid or a contract was broken, get the judgment and after doing so contact us.

Back to Top

 How does the compensation work?

We may be able to offer you one or two different options:

1. Purchase with Upfront payment

We will pay you an agreed upon amount up front.  The amount will very by the specifics of the case.

2. Purchase where the funds that are recovered in the future are split 50/50

Read the FAQ about expenses first.  The money recovered from the debtor will be split between you and KJR as is defined in the Purchase Agreement.  Most commonly we work on a 50/50 split structure.  So you need to decided:

"Would I rather have 100% of NOTHING or 50% of something..."

You can have a guaranteed payment now or a possible payment in the future.  We cannot guarantee that we will or won't be able to collect on any given case.  A judgment debtor may not have anything that can be gone after today but may a year later. 

Back to Top

Will you buy my judgment upfront for cash?

Yes. We will buy a judgment upfront for cash.  Whether we will do so depends on the specifics of your judgment and the person(s) who owes the money.  Just let us know what your preference is.

Back to Top

What does ‘Assigning’ a judgment mean? 

It means that you are transferring the right to the judgment to our company.  Thus, the debtor will owe us the money after the assignment.  As part of doing the assignment, we will also enter into a “Purchase Agreement” which defines the compensation each party will receive, how expenses are handled, etc.

Back to Top

Why does KJR only Purchase Judgments

Because the credit regulations tie the hands of a “third party” trying to collect a judgment.  Most “Collection Companies” are considered “third party” and have a harder time collecting because of it!  This is one of the reasons we do not work on a contingency basis.

Either we purchase the judgment and then have all the rights to go after the debtor(s) that you currently do or we don't get involved with the case at all.

Back to Top

Do you work on a contingency basis? 

KJR does not work on a contingency basis.  We purchase judgments.  We are not a collection agency who works on someone else's behalf.

Back to Top
 

Does the Judgment have to be of a certain dollar amount? 

Yes.  In the interest of using our time as well as possible, the amount of your judgment must be for $1,000 or more. 

Back to Top

What are the upfront costs? 

None.  There are no upfront costs to you.

Back to Top

How are expenses handled?

We cover the various expenses involved with the recovery effort, such as, court cost, attorney fees, postage costs, processing fees, etc.  If we are unable to recovery any money on the judgment then KJR will be out all the money that we have spent.  That is a risk we take for doing business in this fashion. 

However, if we are able to recover money from the debtor, the recovered money will be used to cover the costs we have incurred first.  Any money in excess of expenses, will be split per the agreement we both authorized.  We will petition the court to add the allowable expenses we incurred in the recovery of the judgment to the judgment amount due.  Thus, the debtor will wind up paying these expenses not you or KJR!  Most judgments from most courts are issued for the judgment amount “plus costs”.  Please note that expenses will vary case by case but they aren't a huge amount of money.  Rough estimate would be $200.  And we aren't talking about the biggest expense (our time) or gas for our car.  Only expenses specific to this case where we are writing a check or paying for something on a credit card.

Back to Top

 What paperwork is involved?

Typically when we enter into an agreement to recover a judgment the following two agreements are completed:

  • An Assignment of Judgment (transfers ownership of the Judgment from you to us)
  • A purchase agreement (defines the compensation each party will receive, how expenses are handled, etc.)
Back to Top

What if the Debtor declares Bankruptcy? 

The Debtor has the right to declare bankruptcy.  Sometimes they will declare bankruptcy when we try to collect on the judgment to avoid having to pay.  If a Chapter 13 bankruptcy is declared, we may receive a very small percentage of the amount owed (we have seen as low as 1%).  If a Chapter 7 bankruptcy is declared and the judgment is included in the bankruptcy (which it most certainly will be), after the bankruptcy is dismissed the Debtor no longer owes creditor any money and the Judgment is worthless.  Thus, we can never guarantee that we will be able to recover the money a Debtor owes.

Back to Top

What if the Debtor Changes jobs or moves? 

If the Debtor moves or changes jobs it may take a time period before we are able to relocate them.  So this event will slow down the recovery process but it won’t stop it.

Back to Top

Isn’t the Debtor required to pay me? 

When the court awards you a judgment the court system is officially stating that the Debtor owes you a certain amount of money.  However, it is 100% your responsibility to try and recover the money owed.  If the Debtor doesn’t want to pay, you will have to force them to pay.  Now the fun begins, how do you collect?  It’s a full time job to do exactly that.  Do you know how to recover your judgment?  KJR does.

Back to Top

How long is a Judgment good? 

In most states judgments are good for a certain length of time and then they expire.  The length of time varies from state to state.  If you wait and wait and wait hoping someday the debtor will knock on your door with a check in their hand to pay you back, in the mean time your judgment may expire unpaid and become worthless. 

Back to Top

What if my judgment has already expired? 

If your judgment has already expired, we may be able to go through a process to reinstate it.  This will take some additional time and money.  If your judgment has expired, KJR may still be interested in the judgment depending on the details of the case.  Ask us about it.

Back to Top

Why should I work with KJR? 

Good question.  This question is best answered by visiting the “About us” section and the Benefits” section of the website.

Back to Top

What is the process? 

Check out “The Process” section of the website.

Back to Top

How do I know you’ll pay me the amount you owe us?

First, it's always a good idea to check out the business that will be providing you with a product or service.  That’s why we provide the testimonials.  That’s also why we associate ourselves with the Better Business Bureau (BBB). 

 As the original judgment owner, you can call the court and ask for a status on the judgment and any collections made to date whenever you would like.

Thus, there is transparency.  You have an easy audit trail should you feel the need to check.

Back to Top

Can you guarantee me that you will collect my judgment?

No.  No recovery company can ever guarantee they will collect 100% of your judgment or can state how long it will take.  Why not?  Because the debtor can declare bankruptcy which would make the judgment worthless.  The debtor may move or change jobs which will  slow down the recovery efforts.

Some debtors are harder to find and even once they are found some are harder to collect on depending on if the debtor or doesn't have assets and income.

All we can state is that we will do everything in our power to recover the amount due on the judgment because that is the only way we get paid!

Back to Top

Who is Keynote Judgment Recovery, Ltd.?

We are a professional judgment recovery company. 

Reference the following sections of the website for more information about what Keynote Judgment Recovery, Ltd. (KJR) is all about:

 Back to Top


Please be advised that Keynote Judgment Recovery, Ltd. are not attorneys and thus we do NOT offer legal opinions or legal advice.  Do NOT interpret any of the information found on this website or any of our other marketing material as legal advice.  If you feel you need legal advise, please consult with an attorney registered to do business in your state.
Keynote Judgment Recovery, Ltd./ keynoterecovery.com
Copyright © 2009   All rights reserved.
Revised: 02/02/13.