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Sunday, April 9, 2017

The problem with giant bank judgments

At JudgmentBuy.com, we were sent a 25-million dollar judgment against Wells Fargo bank; and we were excited because Wells Fargo has deep pockets, and it was a Federal judgment. Along with other benefits, Federal judgments are easy to domesticate to any state.  However, none of our expert judgment enforcers wanted to attempt to recover this "juicy" judgment. (Not even after I shared this link with them:  http://money.cnn.com/2017/03/29/investing/wells-fargo-settles-fake-account-lawsuit-110-million/index.html)

The reasons our judgment experts cited inclued that Wells Fargo (or any other big company/bank with lots of lawyers on their team) have teams of lawyers that would fight the judgment enforcement process tooth and nail, and some judgment experts with Wells Fargo accounts and loans were worried that Wells Fargo would cancel their accounts as revenge. Some giant debtors would rather pay 10 million for lawyers to fight a judgment recovery, rather than pay off or settle a million dollar judgment. The world is not fair, sigh.

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Mark Shapiro, judgment expert, judgment writer, and a smile chaser.  Visit: http://www.JudgmentBuy.com   and http://markdshapiro.blogspot.com

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