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Spike

Spike

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Folks, just to get some idea here.

Recently, I noted that civil suits involving sums $100K and below can be expensive to pursue given exorbitant fees that lawyers charge. So there are many cases of people writing off bad debts, didn't enforce judgement or recover a neglible amount after deducting legal fees.

I am thinking of starting a structured, enforcement-led approach to recovering unpaid Judgment Debts. To bridge the gap between passive debt collection and expensive legal litigation by focusing on procedural pressure.

In summary, only get paid if there is a successful recovery. 25% of total debt.

Standard law firms will require a $7500 deposit, charge around $2-3K for preparation of each document with no guarantee of success.

How do you guys think about it?
 
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