Shopping for judgments refers back to the apply of buying authorized judgments, usually involving excellent money owed or financial awards, that haven’t been glad by the debtor. These judgments could be bought at a reduction from the unique creditor, usually by specialised firms or marketplaces.
This apply presents each benefits and issues. On the one hand, buying judgments can doubtlessly yield important returns if the debtor ultimately pays the debt. However, there are dangers concerned, because the debtor might not have the means to satisfy the judgment, and the gathering course of could be complicated and time-consuming.
