Bankruptcy

by Barbara Klabach

So you just spent a lot of money paying a lawyer to have the Arizona Superior Court tell your dead-beat next-best friend that he really does have to pay back the loan you made him.  In legal terms, a court has awarded you (the "judgment creditor") a judgment against your friend (the "judgment debtor").  Unfortunately, the judgment debtor still refuses to acknowledge his obligation to you and isn't paying.  Now what do you do to collect?

A broad range of discovery concerning the financial condition of the judgment debtor that was not permitted at the pre-judgment stages of the litigation can be taken at any time after entry and docketing of the judgment.  The objective of post-judgment discovery is to determine whether the judgment debtor has income and assets (including any that were concealed or fraudulently transferred) to satisfy the judgment and whether there may be methods for collecting assets from third parties based on the judgment debtor's financial relationships with them.  The process for post-judgment discovery [1] may include interrogatories, requests for production of documents and a "judgment debtor examination" or "JDE".

The JDE is initiated by issuance of a subpoena duces tecum and is similar to pre-judgment depositions, except that its specific purpose is to locate means to satisfy the judgment.  Accordingly, the judgment debtor should be requested to bring with him a list of documents leading to such information.  These documents will typically include personal financial statements, credit applications, tax returns, bank and investment statements, notes receivable, records of all business and personal property, title documents, insurance policies, credit card statements and the like.  Inquiry should also address information regarding income sources, including compensation packages, salary, wage and bonus payments, rents, interest, dividends and distributions, royalties, partnership income, et cetera.  Other litigation involving the judgment debtor should also be considered.  A form of questionnaire for a judgment debtor examination is included at the end of this discussion.

The mere fact of having to undertake a JDE may suggest that the judgment debtor is attempting to hide income or assets.  Comparisons of prior and recent business records may show transfers of property interests that were fraudulent, i.e., intended to unjustly place the assets where they could not be identified or located.  Similarly, payments made via credit cards, both personal and corporate, offer evidence of spending habits that lead back to income sources.  Particularly if the judgment debtor is a business owner, expenses may be paid by closely-held entities.  If these entities serve as an alter-ego of the judgment debtor, it may be possible to pierce their organizational legal protections and make their assets available to the judgment creditor.

If the JDE fails to expose assets available to the judgment creditor, post-judgment discovery can be had from third parties.  Despite claims of privilege, even spouses, accountants and attorneys for the judgment debtor may be subpoenaed for deposition to locate assets fraudulently hidden away from judgment creditors.  If necessary, you may return to the court in a supplementary proceeding to assist the execution of your judgment.

Sometimes, the cost of a frame exceeds the price paid for the picture.  Likewise, litigation doesn't always end with the court's granting judgment in your favor.   You still have to collect on the judgment, and that may result in additional costs.   Using a JDE may help the judgment creditor control his costs of collection.


[1] More costly and time-consuming methods to discover assets include "supplementary proceedings" involving the direct participation of the court.  The court can require the debtor or third parties to appear before it at a hearing and to comply with one or more orders that will facilitate the collection of a judgment.  The procedures for supplementary proceedings are statutory, set forth in A.R.S. ยงยง 12-1631-35.