Texas law allows judges to appoint a receiver to collect unpaid judgments. (Texas Civil Practice & Remedies Code § 31.002.) A receiver is a third party, commonly a lawyer or law firm, who is authorized by the judge and Texas law to seize the assets of the judgment debtor and pay the judgment creditor.
Once the court has issued a final judgment, and other appropriate means of contacting the debtor and collecting the judgment have failed, our law firm will seek appointment of a receiver to collect your company’s judgment. It will then become the receiver’s responsibility to collect the judgment. Texas law affords robust tools for seizing a judgment debtor’s non-exempt assets by a receiver. These tools include:
The receiver’s fees will be paid by the judgment debtor from the money collected.
Attorney James W. Volberding also acts as an appointed receiver for judgment collection in Texas civil cases. Learn more about his work in collections matters and as an appointed receiver.
If you need assistance with a receivership or judgment collection, contact the Volberding Law Firm to speak with an experienced Texas collections attorney.