Author

Topic: Hi There (Read 532 times)

full member
Activity: 180
Merit: 100
August 23, 2012, 11:15:30 PM
#5
welcome!  Grin
hero member
Activity: 756
Merit: 500
August 23, 2012, 10:38:23 PM
#4
Me 2

I just signed up but, I've been really interested and reading a lot of threads.
newbie
Activity: 9
Merit: 0
August 23, 2012, 10:05:33 PM
#3
This is really fascinating! I personally believe that computational approaches offer solutions to almost all circumstances, including yours.

I never knew this market existed -- if I understand you properly, you purchase the right to enforce owed payments? Out of curiosity, what makes a debtee approach you to handle a case against a debtor instead of going though the court system themselves?

Also, welcome!
legendary
Activity: 1106
Merit: 1016
090930
August 19, 2012, 04:29:28 PM
#2
Interesting!
Welcome to the community.
newbie
Activity: 11
Merit: 0
August 19, 2012, 04:24:46 PM
#1
Hello Everyone,

Well I have been lurking the forums for a while an finally signed up.
Its probably not a great forum name as I plan on starting a business dealing with bitcoins and the lending industry.
In anycase, I am a full-time programmer. I also own a judgment recovery business(I purchase money judgments and legally enforce them on my own behalf), and also I am a process server.
I see a lot of BTC lenders who were stiffed. Though I am not an attorney, I have enforced judgments in 43/50 of the states. Meaning I purchased a judgments and used the court system to either levy upon bank accounts, garnish wages, got charging orders against LLC's(meaning I took the interest of the debtors membership of the LLC and even wound down the LLC to liquidate it on Single Member LLCs).
I believe I can at least give some insight to US based lenders about risk management. Also give my opinion on what lenders should do if the debtor defaults and to reduce defaults.
I am programming a solution that may help with this. I have read the boards it seems that there is something missing from there I think I can give some insight.

Thanks everyone!
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