If I have a default judgment against a property, now what?
Question Details: We are a contracting company that did service and product work in Iowa but did not get paid a sum of $55K. We have since sucessfully obtained a default judgment (we went through the necassary steps with a mechanics lien against the real estate parcel, etc, defendant never answered or showed). Being a non iowa company, we have been unable to find an attorney to finish it through. What are my options in collecting the money? We have tried to settle but have been unsuccessful.
If you have a $55,000 default judgment with respect to an Iowa lawsuit and do not know where to go from there, I suggest that you contact the county bar association where the lawsuit is filed and ask for three (3) to four (4) referrals as to attorneys that do debt collection work. From there you can interview the attorneys and decide how you want to proceed. You will need to file an abstract of judgment and record such and then begin the levy process.
The $55,000 judgment will accrue interest on it from the time of entry of the judgment.
