I've got a few things to chime in about, having to deal with this personally a few times. Getting a judgment doesn't mean anything really, in the scope of this thread. I own judgments and stipulated judgments - converting those into cash is an altogether different matter.
While you are 100% correct that converting a judgment into cash is an altogether different matter, it is not correct to say a judgment doesn't mean anything.
Yes, you have to know how to enforce a judgment, but that is a far cry from a judgment not meaning anything.
Even if you know where the money is, you'll be spending $15-30k on attorney's fees, court costs, and a forensic accountant.
First off, not if you learn how to enforce a judgment yourself. Attorneys are not magical beings with ESP or other supernatural powers. They are just people who have taken the time to learn the law. Many of them are complete dumba$$es, btw so if they can do it, so can the people who can figure out how to create Verizon UDP line factories.
And a forensic accountant is not needed unless someone is trying to hide money and they are good at it. If someone has an individual bank account, you levy it. If their child support payments, SS, SSI or RR retirement benefits, etc. are deposited into that account then it is more complicated.
If you have judgments against shell corporations, and it sounds like you may, yeah, you need forensic accountants.
I thought we were talking about individuals selling iPhones on ebay to individuals, not business contracts b/t LLC's?
As soon as the plaintiff mentions other parties to be deposed - a typical tactic - you'll be spending $2-4k per deposition before even going to mediation or court.
The situation I was talking about, the iPhone seller IS the plaintiff.
If you're a plaintiff - get ready to spend $25-50k, plus court costs, if you're going to trial. I write this from experience, not guessing. Defendants with money also know this. It's just easier to choose another carrier, not push your "position" by whining about it. Mediation is cheap - take that offer, if it's provided to you. You may win your court case, but you'll lose money - for cell phone stuff, it just isn't worth it IMO.
We weren't talking about suing Verizon. At least that wasn't what I was talking about. I was talking about selling an iPhone and having a buyer dispute the charge with paypal.
Also, do you have any experience in small claims court? Smalls claims court is a different ball game altogether wrt what the judges let pro se plaintiffs get away with. And the judges will completely ignore the formal rules of procedure/evidence b/c they can. No one spends the money to appeal a small claims court judgment of $500.
BTW - family court judges completely ignore the formal rules of procedure/evidence by and large too. If you have ever been through a contested divorce or child custody/support case you already know that. They freakin do what they want without much if any regard for the rules of procedure/evidence. It is the rare person who appeals family court orders and the family court judges know that so they disrespect the law and the rules of procedure/evidence on a regular basis b/c they can.
Sounds like you have much larger judgments than would qualify for small claims court and that you have them against businesses who engage in money hiding tactics.
If you think paypal is going to spend $25-50k to defend itself in a small claims action where the damages claimed are $500, you have never been to small claims court nor have you ever sued a major corporation for a small sum.