Simply winning does not mean you will always be able to collect. While you have a legal right to the money, if the debtor is unable to pay you everything you are owed, it may not make sense to pour your own funds into trying to collect every penny.

Consider Settling for Less Than Everything Owed

It can take a long time to collect a judgment, and you may end up spending a lot of time and energy tracking down the debtor’s assets. But, if the debtor will pay you a portion of the judgment in a lump sum or over a short period, it might make more sense to take such an offer and be done with it. Just be careful what you sign. If you enter into a written agreement then find out the debtor was playing you and hiding other assets, you may not be able to collect those other assets if you agreed not to pursue them.

Winning takes precedence over all. There’s no gray area. No almosts.
Kobe Bryant

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