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A Collect Calling

How can I start a judicial recovery business?

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This story appears in the October 2000 issue of Entrepreneur. Subscribe »

Question: I've received some information on processing judicial judgments from home. Are these companies and their training legitimate? How difficult is this business to start and operate? How competitive is it? Is it lucrative?

Mark Shelly

Valencia, California

Answer: The fundamental work of a judgment recovery specialist is collecting money-doing the paperwork and legwork to seize bank accounts, garnish wages and place liens on or seize personal property. That's in addition to locating debtors who have moved, sometimes to escape paying off debts. And you have to personally contact debtors about paying the judgment you're handling. Sometimes a letter and a phone call produce results-some debtors, when vigorously pursued, will join the million-plus people and businesses filing bankruptcy each year.

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