April 28, 2014
EL PASO, TX – El Paso attorney Stuart R. Schwartz, a shareholder at the ScottHulse law firm, was a featured panelist in a live webinar entitled ” Using a Turnover Receiver to Collect Your Judgments.” The webinar was presented by the State Bar of Texas.
The webinar was designed to teach the Texas legal community how a turnover receiver can make all the difference in turning large or small collection judgments into cash.
“Obtaining a judgment on behalf of our clients is only half the battle,” said Mr. Schwartz, an El Paso attorney who heads the ScottHulse creditor’s rights law section. “Our creditor’s rights attorneys understand the value of diligently working with our clients post‐judgment until their creditor’s demands are satisfied. We often recommend the implementation of a turnover receiver, which provides clients with a strategic remedy to improve the rate at which a judgment is collected.”
The often-overlooked Texas “Turnover Statute” allows the court to appoint a receiver to seize and sell a debtor’s non‐exempt assets, including present or future rights to property, in order to pay a judgment debt. The law helps creditor’s seize assets such as stock certificates, which are sometimes hidden from officers of the court, and recover intangible assets such as accounts receivable.
The webinar panel included Mr. Schwartz, who is one of only five attorneys in the State of Texas board certified in Creditor’s Rights Law by the American Board of Certification, two turnover receivers with over 40 years of combined experience, and a judge with 18 years of experience appointing receivers.
ScottHulse is a full-service law firm with offices in El Paso and Las Cruces. ScottHulse attorneys have represented individuals and major participants in the commercial and industrial sectors of the El Paso, Juarez, and Las Cruces Borderplex since 1889. Today, ScottHulse attorneys are involved in client and community initiatives that are transforming the Borderplex into the most dynamic commercial center in the Southwest and the epicenter of U.S./Mexico trade.