15 August 2024
/ Cameron Deane
A Conversation With Dan Dochterman of the Pennsylvania State Employees Federal Credit Union
Manager of credit solutions Dan Dochterman of Pennsylvania State Employees Federal Credit Union joined attorney Cameron Deane for a quick chat at the CrossStates Credit Union Association 2024 Connect Annual Convention in Atlantic City, NJ, where Weltman’s What’s On Tap? webinar team was asking clients for some in-person Q&As as part of the ongoing webinar series. Unfortunately, due to some technical issues with the audio, the recording of this session was unable to make the cut, but we don’t want our viewers to miss out on what Dan and Cameron discussed! See below…
First, the most important part of every What’s On Tap? episode is the beer recommendation, and Dan recommended any of the beers brewed by his local Lancaster Brewing Company, especially the milk stout. I’ve had a chance to give this brewery a try since my conversation with Dan, and wholeheartedly agree with his choice!
Next, Dan wanted to know more about the best options for post-judgment executions in a state such as Pennsylvania, which is not as “creditor-friendly” as it doesn’t permit wage garnishments or other options that differing states may have.
Working in Weltman’s Philadelphian office, I have experience of practicing in both Pennsylvania and New Jersey, which are quite different from each other when it comes to post-judgment collection options. For example, New Jersey permits judgment creditors to pursue wage garnishments of defendants, and their bank attachment process often results in more funds recovered for one main reason, a dedicated court officer whose job is to seek out and locate the funds.
In contrast, Pennsylvania doesn’t permit wage garnishments for consumer debts, and when pursuing a bank attachment, it is often necessary for the creditor to already know the debtor’s banking information to seek out attachments at the correct bank. Weltman’s post-judgment collections team works hard to identify potential assets, such as bank accounts when our clients don’t have the necessary information, as pursuing a bank attachment is the first course of action when collecting against a judgment debtor.
If the bank attachment doesn’t get the judgment satisfied, the next step is to pursue a personal property levy. This is a process in which the sheriff’s department will be ordered to take an inventory of the personal property of the judgment debtor and then list these items for auction, the proceeds of which will be used to pay the judgment balance. More often than not, this step will result in the debtor engaging with our office to set up a payment plan, turning the dormant judgment into revenue for our clients.
Thank you again to Dan of Pennsylvania State Employees Federal Credit Union for joining us at the Cross States Credit Union Conference. If you have questions about this topic or want to learn more about Weltman’s consumer collections and/or credit union representation solutions, feel free to contact Cameron at any time.
These blogs are not a solicitation for business and are not intended to constitute legal advice on specific matters, create an attorney-client relationship, or be legally binding in any way.
First, the most important part of every What’s On Tap? episode is the beer recommendation, and Dan recommended any of the beers brewed by his local Lancaster Brewing Company, especially the milk stout. I’ve had a chance to give this brewery a try since my conversation with Dan, and wholeheartedly agree with his choice!
Next, Dan wanted to know more about the best options for post-judgment executions in a state such as Pennsylvania, which is not as “creditor-friendly” as it doesn’t permit wage garnishments or other options that differing states may have.
Working in Weltman’s Philadelphian office, I have experience of practicing in both Pennsylvania and New Jersey, which are quite different from each other when it comes to post-judgment collection options. For example, New Jersey permits judgment creditors to pursue wage garnishments of defendants, and their bank attachment process often results in more funds recovered for one main reason, a dedicated court officer whose job is to seek out and locate the funds.
In contrast, Pennsylvania doesn’t permit wage garnishments for consumer debts, and when pursuing a bank attachment, it is often necessary for the creditor to already know the debtor’s banking information to seek out attachments at the correct bank. Weltman’s post-judgment collections team works hard to identify potential assets, such as bank accounts when our clients don’t have the necessary information, as pursuing a bank attachment is the first course of action when collecting against a judgment debtor.
If the bank attachment doesn’t get the judgment satisfied, the next step is to pursue a personal property levy. This is a process in which the sheriff’s department will be ordered to take an inventory of the personal property of the judgment debtor and then list these items for auction, the proceeds of which will be used to pay the judgment balance. More often than not, this step will result in the debtor engaging with our office to set up a payment plan, turning the dormant judgment into revenue for our clients.
Thank you again to Dan of Pennsylvania State Employees Federal Credit Union for joining us at the Cross States Credit Union Conference. If you have questions about this topic or want to learn more about Weltman’s consumer collections and/or credit union representation solutions, feel free to contact Cameron at any time.
These blogs are not a solicitation for business and are not intended to constitute legal advice on specific matters, create an attorney-client relationship, or be legally binding in any way.
