$600,000 Los Angeles County Judgment Collection
$550,000.00 Judgment entered in a fraud case against Debtor in Los Angeles judgment enforcement matter. Debtor owned 40% of a large industrial property in Los Angeles. Prior to judgment, Debtor transferred this property to a seemingly random third party, in Hong Kong, who could not be found.
However, even in spite of the transfer, we got the court to grant us an order giving us 40% of the rents due from the property, even though the third party was being paid, not the debtor. This was because the debtors transfer of the property was suspect, and because the deed had irregularities on it. After bringing enforcement actions against the tenants who at first didn’t want to pay, this produced thousands a month and was an annoyance to the debtor undoubtedly.
Secondly, we proceeded in a fraudulent transfer case against the debtor and the Hong Kong individual, who turned out to be the Debtors Cousin. She could not be found/served, but after some back and forth, the Court allowed us to serve her by publication, and proceed with the case. Ultimately, at a 4 way mediation, the case settled for a lump sum. Total amount collected was well over $600,000.00.