Law Practice
Feb. 18, 2015
Post-judgment tenders can be a trap for unwary creditors
If a debtor suddenly hands over a cashier's check after you've incurred fees trying to enforce a judgment, proceed with caution. By James C. Martin, Paula M. Mitchell and Kasey J. Curtis
You spend years and incur millions of dollars in legal fees and related costs chasing a debtor, trying to collect on a judgment. Then one day, the debtor's attorney unexpectedly arrives at your office and hands you a cashier's check for the full amount of the judgment and all accumulated interest. You say "good start," but your client is still owed millions in post-judgment fees and costs...
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