Judgment Recovery Unauthorized Practice of Law
I have read an Amendment to the Rules of Court: Unauthorized Practice ... I am starting a judgment recovery business This opinion states that we are unable to use the ''contigency'' method of enforcing judgments although with an Acknowledgment of Assignment of judgment, in the eyes of the law (or so we believed), we would become the new judgment creditors attempting to enforce a judgment against a debtor.
I have put together agreement signed between both the previous judgment creditor and me
Which states the following
Consideration and Financing - As consideration for this sale ASSIGNEE/BUYER promises to perform to the best of its ability to enforce and collect the herein referenced judgment, and to pay $xxxxx. Payments for this judgment shall be made in irregular installments. ASSIGNEE/BUYER reserves the right to make, at its discretion, installment payments at any time prior to the due date, as described herein. Installment payments on the judgment shall be timed to, and therefore become due, upon the completion of an enforcement procedure on the judgment for which payment applies. Payment shall be disbursed within ninety (90) days of due date.
Since I am purchasing judgment would it still be a UPL issue?
Thank you