Post Judgment Receiver
Matt Garcia serves as a post judgment receiver for Travis County. A turnover receivership is a post judgment tool in which a receiver is appointed by the Court to capture any assets owned by a debtor and to liquidate them for our benefit pursuant to . Texas Civil Practice and Remedies Code Section 31.002. The purpose of the Turnover Statute is to aid the diligent judgment creditor. If the liquidation results in more money than what is owed under the judgment, the receiver's fee of 25% is taxed to the Debtor and the Creditor recovers 100% of the judgment. If the liquidation results in insufficient money to satisfy the judgment, the Creditor and the Receiver share in the proceeds but the judgment is only reduced by the amount the Creditor collects.