What can you do one has judgments on some taxi driver or a taxicab company? How can one recover these types of money judgment? How about if the judgment debtor is the owner of a taxicab medallion, could one have the sheriff levy the medallion? In this article, I discuss the way taxicab drivers, taxicab businesses, and taxicab medallions all work, and also the way some people have successfully collecting such a type of money judgments.
This is one of my many judgment-related: I'm the Judgment referral expert, not an attorney. This article is only my opinion based on my long term experiences, please hire an attorney when you require legal advice.
Taxicab medallions are usually the property of taxicab businesses and are leased to all the taxicab drivers. In some cases, the assignment order procedure will be the best procedure to enforce a taxicab-related judgment. When a prosed assignment order strategy is chosen, you need to determine who to have it served on.
There's 2 models in which taxicab businesses are run. The 1st way is the most popular, the 2nd is somewhat rarer. The 1st taxicab business way is often named the cab-lord way.
With the taxicab-lord way, taxicab businesses run a dispatch service to taxicab drivers that signed their contract. The taxicab drivers all lease their taxicabs from their taxicab-lord (who's not always associated with a taxicab business). The taxicab-lord pays for auto insurance for every taxicab, and repaints all their taxicabs for each taxicab business.
An average taxicab driver will pay their taxicab-lord around ninety dollars a day very often for a twelve-hour work shift, and drivers usually refill the gasoline tanks when their shift ends. The taxi drivers are supposed to wash the taxi windows and wash the taxis when their shift ends, but few of them do so. The seasoned taxicab driver can net around $140 to $210 a day.
With the 1st taxicab-lord way, fares are dispatched and transmitted onto LCD screens inside the taxicabs, and all available taxi drivers can claim the customer; the first to arrive will get the customer. The taxi driver will get tips and fares. The taxi driver could be grossing $40 per hour (maybe more with their tips), but after they pay their taxicab-lord, their taxicab employer, and also for gasoline, the taxi driver may clear around nine dollars per hour.
The 2nd taxicab business way isn't as commonly used. The taxicab business owns the taxicab and the taxi medallions. The company hires all the taxi drivers as their employees. The drivers maintain logs of their pickups (both hailed and dispatched) and the mileage and meter readings. The taxi drivers record or write down all this info, excepting the tips they get.
When it is the completion of their work shift, the taxi driver gives the employer the the day's total fares, but not the tips. Each week, their taxicab employer adds up the money from the taxi driver, and the will pay the driver (for example, about 40) percent of the total for their weekly wage; taking out taxes. With the 2nd way, the taxi business will pay for their driver's gasoline and also all vehicle maintenance.
When the judgment debtor is the owner of a taxicab medallion however does not drive a taxicab, they're most often getting paid by some taxicab-lord who then installs it inside their taxicabs. You will need to learn what the taxicab company operation model is, to learn the way the judgment debtor is being compensated. Very often, a judgment debtor or 3rd-party exam may be required to find out who's paying the judgment debtor.
When the judgment debtor is the owner of a taxicab and also a taxicab medallion, it is encouraging as the judgment debtor most likely makes a lot more money. If the judgment debtor isn't driving, some other taxicab drivers most likely are paying them to drive your judgment debtor's taxicab. With such a circumstance, you'll have to get the full names of the taxicab drivers, when you wish to try divert that income stream before they reach the judgment debtor.
A taxicab business might not pay the judgment debtor/medallion owner. Taxicab-lords can lease a medallion from the owners. When the judgment debtor is the owner of a medallion, and you wish to then divert the income which are going to the judgment debtor, you need to find which company that's their taxicab-lord.
Sometimes, a taxicab-lord pays your judgment debtor, and that's the place you need to direct an proposed assignment order, so the cab-lord will begin sending you the payments which would normally be sent to the medallion-owning judgment debtor, who's leasing it to the taxicab-lord.
One could be wasting a lot of money and time arranging for your assignment order for some taxicab business that has no paid transactions with the taxi drivers. Certain businesses are dispatch services only, and pay nothing to your judgment debtor. When the medallion-owning judgment debtor doesn't get any payment from the taxicab business, an assignment order will result in no payment. Serve the taxicab-lord, to discover the right income.
To recover judgments against a taxicab driver or some taxicab business, one could use an accounts receivable levy or an assignment order. Very often, the accounts receivable levy works better than the assignment order, if your levy involves an intangible asset. The reason is because it's quicker, and your judgment debtor cannot see the levy coming. And, when there's some written contract being used, usually an intangible levy will be required. Within California, relevant laws are Civil Codes of Procedure (CCPs) 680.130, 680.210, 700.170, 701.010; and Commercial Code 9102(a).
A medallion is worth a lot of money and is transferable, as usually one can't pick up a paid fare without one. (However, a medallion isn't required to drop folks off somewhere in the majority of places.) When the judgment debtor has a taxicab medallion, think about levying the medallion and arrange for your Sheriff then sell it?
A taxi medallion is really expensive, so when you schedule a sheriff's auction, the debtor will certainly show up. The judgment debtor will most likely repay you immediately.
Mark Shapiro - Judgment Broker - http://www.JudgmentReferral.com - the place Judgments go and are quickly Collected.