Buying Judgments in Alabama

ALABAMA

There are no special restrictions in the state of Alabama with being assigned the judgments. The assignee of record may represent themselves or hire a debt collection attorney in the county where the judgments were granted. The attorney must be licensed in that county. Mobile, Alabama is not friendly to assignees that represent themselves.

Judgments in Alabama are good for 10 years and can be revived for another 10 years. Judgments earn 12% interest yearly since date of entry. This makes Alabama one of the highest in interest earned of all 50 states. The post-judgment proceedings  are Wage Garnishment, Non-Wage Garnishment, Levy on Personal Property and Examination  of Debtor as to his Property. 75% of wages are exempt from garnishment.

ALA CODE 6-9-196: ALABAMA CODE-SECTION 6-9-196: TRANSFER OF JUDGMENT; RIGHT OF ASSIGNEE THEREOF TO HAVE EXECUTION; ACTION OR REVIVER THEREON

a) When the transfer is made by any agent or attorney, the authority of the agent or the power of attorney shall be in writing duly acknowledge  and recorded in the office of the probate judge and referred to in such transfer by noting the book and page where recorded. After such transfer, the original plaintiff shall have no further authority or control over such judgment.

b) If an assignment of a judgment is made or endorsed on the execution docket or on the margin of the record of the judgment and is attested by the clerk, register or judge of probate, the assignee may have execution thereon in the name of the plaintiff for the use of the assignee, whether the plaintiff is living or dead.

c) In all cases where a transfer of a judgment of a court in this state is made or endorsed on the execution docket or on the margin of the record of the judgment in the court where entered or in the office of the probate judge where a certificate of the judgment is recorded and which transfer is attested by the clerk, register or judge of probate, the assignee of such judgment in addition to the rights conferred upon him by (b) of this section may maintain any action thereon or proceeding to revive in his own name that the plaintiff in said judgment could maintain if such transfer had not been made, whether the plaintiff is living or dead.

d) The assignee of a judgment, if the assignment  is in writing, may have the same revived in his name by appropriate action or motion under the Alabama Rules of Civil Procedures

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