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THE DIAGNOSTIC APPROACH TO JUDGMENT ENFORCEMENT

By: Joe H. Dickerson, CFE

It’s a well-established fact that 80 percent of the civil money judgments entered in courts in the United States are never collected. This is a shameful failure of our justice systems.
The first question should be “WHY?”

For many years, collection work was considered to be “dirty work” that was beneath “good lawyers.” Fortunately, today we have some excellent attorneys whose specialty is creditors’ rights, which includes judgment enforcement. There are other attorneys and professionals who also provide various levels of judgment enforcement services.

So why are 80 percent of judgments never enforced? In my opinion, based on over 55 years of relevant experience enforcing judgments and teaching the subject to attorneys and other professionals, the skill sets and tools necessary to effectively enforce judgments are not currently sufficiently understood and implemented. In this era of sophisticated fraudsters, we must have many more well-trained attorneys and other professionals to improve the judgment enforcement rate above the current 20 percent.

At Financial Forensic Services, we believe that, like our children, each case is unique and must be respected and supported in its own way. Every judgment enforcement case is different, and every case management and recovery plan is unique. We believe, regardless of the debtors’ position, that successful asset recovery is possible in appropriate cases. We believe it is our job to accomplish that for our clients. We carefully screen our potential clients and their cases to ensure we accept the appropriate case, and then give them the service and attention they deserve. Therefore, we only accept about 25 percent of the cases that we review.

Financial Forensic Services (FFS) has developed a diagnostic and prescriptive approach to our cases that includes consulting and implementation of the Prescribed Judgment Enforcement Process. My experience using the diagnostic and prescriptive approach has allowed us to make recoveries for our clients of up to quadruple the national average of 20 percent, and up to 100 percent.

THE DIAGNOSTIC PROCESS
Our Diagnostic and Prescriptive approach to judgment enforcement is analogous to the diagnostic and prescriptive approach to treating a medical condition.

For example: You wake up in the middle of the night with chest pains. You take whatever you have on hand, antacids or over-the-counter pain pills, but they provide no relief. You decide to call you family doctor’s 24-hour number and speak to the on-call doctor. He asks a few questions and quickly tells you that you should either call an ambulance or have your spouse get you to the emergency room right away. He says this could be serious and could quickly get worse without attention.

At the hospital, several diagnostic tests are run, and the diagnosis is that you a serious heart condition that requires immediate surgery. Your life depends on the success of that operation. You want the best heart surgeon you can get. You are fortunate to find the perfect expert for your diagnosed condition. You undergo successful emergency surgery. The doctor then prescribes your recovery plan, including the proper medication and lifestyle changes to ensure a bright future for you. Now life is good. This much like the diagnostic and prescriptive judgment enforcement plan we develop with our staff of Judgment Enforcement experts for each case.

The FFS Diagnostic Process includes a four-page Case History Intake Questionnaire and an in-depth interview with the prospective client. We take the time to get to know our clients and understand their concerns and needs. We listen intently to understand their pain, situation, and goals. There is always significant pain involved when you are the victim of a multi-million-dollar fraud, embezzlement, or contract dispute. There may be significant family stress when a loved one dies, and it is learned there has been tampering with the will or the trust, and significant funds or heirlooms have been misappropriated. Nothing brings out the worst in some families like death or divorce. We understand the personal hurt and strife in addition to the financial loss. Only when we truly understand this background, in each case, can we develop and implement, with our client’s complete support, a financial forensic diagnostic process.

It is upon this process that our prescriptive process, the Case Management Plan, is based. Both are necessary to put together a client’s properly-staffed recovery team. This will include your case manager, research experts, and senior analyst. After the initial forensic research is finished and the report is completed, the recommendations are developed, the documented findings are reviewed with our client, and, if appropriate, with their attorney. This report is the framework for the prescription for recovering our clients’ losses. This, of course, is changed and updated as new information and facts are developed.

Look at a model using the prescriptive process, the process used by the Forensic Implementation Team to recover the clients’ losses and satisfy their court-ordered money judgment.
Remember : Winning the Judgment is NOT Justice; Recovering on the Judgment is JUSTICE!

Your Roadmap to Advanced Judgment Enforcement: Using
Financial Forensic Research to Find Your Debtor’s Bank
Accounts, Which Can Lead You to Hidden or Diverted
Assets Around the World.

The advanced judgment enforcement process, using financial forensic research, is initially directed at finding bank accounts so you can effectively follow the money. Once you find your target’s bank accounts, there is a wealth of information there to follow the money both in and out of the accounts. Following the money to reach the assets is what judgment enforcement is all about, so you can liquidate those assets and satisfy the judgment.

As Seen In

Financial Forensic Services, LLC is proud to staff Certified Fraud Examiners

Testimonial

“When I was general counsel for First Interstate Bank, I used Joe Dickerson for locating assets, investigating behavior and asset discovery. He did excellent work and always got the information I needed without compromising the bank in any way. He’s more thorough and kept in better touch with me than other investigators. I’d give him a grade of 96 or 97 out of 100.”

Frank Brainerd, Retired
Banker/Attorney

2014-11-11T18:20:20+00:00

Frank Brainerd, Retired
Banker/Attorney

“When I was general counsel for First Interstate Bank, I used Joe Dickerson for locating assets, investigating behavior and asset discovery. He did excellent work and always got the information I needed without compromising the bank in any way. He’s more thorough and kept in better touch with me than other investigators. I’d give him a grade of 96 or 97 out of 100.”

“Joe is the most competent investigator I’ve ever found. He has rare ability to find hidden assets. Others claim it, Joe has it. He understands the Rules of Evidence, he knows how to talk to people to develop a fact pattern, and he has a sixth sense for fraud. Joe has unquestioned integrity and delivers value for his services.”

Andrew Quiat
, Attorney

2014-11-11T18:12:51+00:00

Andrew Quiat
, Attorney

“Joe is the most competent investigator I’ve ever found. He has rare ability to find hidden assets. Others claim it, Joe has it. He understands the Rules of Evidence, he knows how to talk to people to develop a fact pattern, and he has a sixth sense for fraud. Joe has unquestioned integrity and delivers value for his services.”

“As an environmental law firm, we use Joe Dickerson to locate prior business owners and do corporate genealogies. He is persistent, that’s the key to a good investigator, and he has a knack for understanding how people move money and do business. That tells him what rocks to look under. Joe is vastly superior to other investigators in two ways: he lets you know what’s going on and he’s honest with you, because he tells you if there’s really anything there worth pursuing. He is unusually thorough and creative finding people. Joe has earned his fee every time.” “If the information is to be found, then I believe that they will find it. Their service enabled me to do a much better job for my client.”

Tim Gabelhouse
, Attorney at Law

2014-11-11T18:20:41+00:00

Tim Gabelhouse
, Attorney at Law

“As an environmental law firm, we use Joe Dickerson to locate prior business owners and do corporate genealogies. He is persistent, that’s the key to a good investigator, and he has a knack for understanding how people move money and do business. That tells him what rocks to look under. Joe is vastly superior to other investigators in two ways: he lets you know what’s going on and he’s honest with you, because he tells you if there’s really anything there worth pursuing. He is unusually thorough and creative finding people. Joe has earned his fee every time.” “If the information is to be found, then I believe that they will find it. Their service enabled me to do a much better job for my client.”

“Joe Dickerson is the industry standard. You can measure the rest by what he does, and I say that without equivocation. Joe has incredible insight into the dark world of fraud. He understands the devious ways in which people perpetrate white-collar crime.”

Jan Schlichtman
, Attorney at Law

2014-11-11T18:20:55+00:00

Jan Schlichtman
, Attorney at Law

“Joe Dickerson is the industry standard. You can measure the rest by what he does, and I say that without equivocation. Joe has incredible insight into the dark world of fraud. He understands the devious ways in which people perpetrate white-collar crime.”

“They went overboard in providing excellent service. I was very pleased with what they provided for me as their end product. Financial Forensic Services really understands how a case needs to be put together in order to be presented to a jury. Their PowerPoint presentation tied everything together. It was thorough, it was concise, and it got the job done.”

Jim Thomas
, Prosecuting Attorney

2014-11-11T18:21:32+00:00

Jim Thomas
, Prosecuting Attorney

“They went overboard in providing excellent service. I was very pleased with what they provided for me as their end product. Financial Forensic Services really understands how a case needs to be put together in order to be presented to a jury. Their PowerPoint presentation tied everything together. It was thorough, it was concise, and it got the job done.”

” I was prepared to dismiss a federal case involving millions of dollars against a local individual who claimed to have no substantial assets. After your staff hit the records and delved into the transactions behind the transactions, you discovered the individual to actually be worth a few million dollars. We continued the case to conclusion. We were also very happy with the financial background examinations you conducted of the former directors of two failed national banks. The heart of any civil case is whether there is a pot at the end of the lawsuit. You were our lucky leprechaun in finding such pots.”

R. Michael Sentel
, Former Section Chief Legal Division, FDIC

2014-11-11T18:13:08+00:00

R. Michael Sentel
, Former Section Chief Legal Division, FDIC

” I was prepared to dismiss a federal case involving millions of dollars against a local individual who claimed to have no substantial assets. After your staff hit the records and delved into the transactions behind the transactions, you discovered the individual to actually be worth a few million dollars. We continued the case to conclusion. We were also very happy with the financial background examinations you conducted of the former directors of two failed national banks. The heart of any civil case is whether there is a pot at the end of the lawsuit. You were our lucky leprechaun in finding such pots.”

“Financial Forensic Services did an excellent job in the way they executed my case. They were very straightforward. They stated what they could do for us and they did it. And, from a personal standpoint, they are excellent. Both my wife and I felt very comfortable working with them.”

Michael Whalen, 
Businessman

2014-11-11T18:21:13+00:00

Michael Whalen, 
Businessman

“Financial Forensic Services did an excellent job in the way they executed my case. They were very straightforward. They stated what they could do for us and they did it. And, from a personal standpoint, they are excellent. Both my wife and I felt very comfortable working with them.”

“Joe spends the time to understand the problem from the client’s perspective and from the legal perspective. He is intelligent, tenacious, willing to work as hard as it takes, thorough, well-informed, and just awfully good at what he does.”

Thomas E. Root, 
Attorney

2014-11-11T18:20:05+00:00

Thomas E. Root, 
Attorney

“Joe spends the time to understand the problem from the client’s perspective and from the legal perspective. He is intelligent, tenacious, willing to work as hard as it takes, thorough, well-informed, and just awfully good at what he does.”