Judgment enforcement (legal efforts to satisfy judgments on behalf of creditors who have already won their lawsuits) is a major component of Ariel Berschadsky’s law practice. Applying tenacity, experience, and a thorough knowledge of this area of law, the firm has been able to achieve numerous successes on behalf of its clients. This firm has represented individuals, companies, and other law firms which have won judgments but need help to hunt down debtor assets and seize them on behalf of their own clients.
Typical methods used to find assets include serving restraining notices to banks, mutual fund companies, and even the debtor's own customers in order to freeze them, serving information subpoenas to third parties in order
to locate and obtain information about debtor assets, filing turnover proceedings to transfer property from debtors to creditors, and garnishing wages. In some cases, an additional lawsuit alleging fraudulent conveyance or successor liability is filed in order to satisfy the judgment. Once assets are identified and restrained, a Marshal or Sheriff is hired to levy them.
Mr. Berschadsky regularly teaches Continuing Legal Education courses on this subject at the New York City Bar Association and on Lawline.
Examples of judgment enforcement matters on behalf of recent clients include: