Post-judgment enforcement and debt collection agency specializing in asset recovery for creditors with court judgments. Locates and seizes debtor assets to recover owed funds.
Editorially reviewed by Harvey Brooks
Recovery of Judgment is a New York-based collection and enforcement firm that has operated for over 20 years. The company specializes in post-judgment asset recovery, helping creditors who have already obtained court judgments but struggle to collect payment from debtors. Founded on the principle that aggressive legal enforcement yields results where traditional collection fails, the firm positions itself as a specialized recovery service for businesses and individuals holding valid judgments.
The company offers post-judgment enforcement, merchant cash advance services, accounts receivable litigation and collection, asset location and seizure, skip-tracing, and licensed debt collection services. They employ in-house teams of skip-tracers, asset searchers, process servers, and attorneys. Recovery of Judgment claims to operate on a contingency or percentage-based model where clients pay "nothing" upfront—suggesting they collect payment only when assets are recovered. Their services include locating hidden assets, freezing accounts, vehicle seizure, and converting seized assets into payment.
The firm differentiates itself through claims of "unparalleled access to financial databases," cutting-edge technology for real-time debtor information, and aggressive asset seizure tactics. Client testimonials highlight specific recovery examples: locating and towing vehicles, freezing stock accounts, and recovering $200,000+ judgments. The company claims high success rates with one testimonial mentioning collection of 3 out of 4 referred judgments per week from a law office, and another stating an 87% recovery rate on a particular case.
As a judgment enforcement agency, Recovery of Judgment operates in a specialized niche with limited consumer-facing marketing. The business model depends on existing court judgments—they do not originate credit or loans. While testimonials are positive, they are unverified and potentially selective. The firm's aggressive tactics (asset seizure, account freezing, vehicle towing) are legal but may represent a significant disruption to debtors. Prospective clients should verify credentials and licensing before engagement.
Yes. Recovery of Judgment is a registered company headquartered in United States 29th Floor, 1407 Broadway, New York, NY 10018. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Recovery of Judgment is exclusively for creditors who already hold court-obtained judgments and need specialized asset recovery. This is not a consumer lending, credit repair, or debt relief service—it is a B2B judgment enforcement firm. The main caveat is that all claims rely on unverified testimonials with no public licensing, complaint history, or regulatory oversight visible on the website; prospective clients should independently verify credentials and reference specific past cases before engagement.
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The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
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