0
You can try to settle the case any time, but each case is different. Unless you file bankruptcy, you cannot force a creditor to compromise a debt. Some creditors will settle debt before it goes to judgment in order to avoid the expense of attorney fees and other litigation costs. Others will get the judgment and try to collect before agreeing to settle. Others won't settle at all. It depends on how aggressive the creditor is and your ability to pay.
Wiki User
∙ 18y ago
Wiki User
∙ 15y agoYes but it pretty difficult, since the judgment is a lien on any real estate you own. If the judgment is in effect, the creditor has no reason to take less money. But anything can be settled if you make the proper offer. If you own no real estate, the creditor will have to garnish your wages to get paid. This becomes a bookkeeping problem for them. Even if you get only 10% off the judgment, offer to pay it in full, if you have to borrow the money. You can still save some money.
Add your answer:
Earn +20 pts
What do you do if the creditor don't want to settle on your judgment?
Pay the judgment like you're supposed to.
Is an adjudication legally binding?
Yes. Adjudication is the legal process to settle a dispute. It is the act of a court, or other arbiter, to hear and settle a case and render a decision, order, judgment, or decree.Yes. Adjudication is the legal process to settle a dispute. It is the act of a court, or other arbiter, to hear and settle a case and render a decision, order, judgment, or decree.Yes. Adjudication is the legal process to settle a dispute. It is the act of a court, or other arbiter, to hear and settle a case and render a decision, order, judgment, or decree.Yes. Adjudication is the legal process to settle a dispute. It is the act of a court, or other arbiter, to hear and settle a case and render a decision, order, judgment, or decree.
Would is a consent judgment?
A consent judgment is a legal agreement or court order that is approved by all parties involved in a lawsuit. It is typically reached when both parties agree to resolve the dispute without a trial, often outlining the terms of the settlement. Consent judgments are binding and enforceable by the court.
How do you attach a blanket lien out of court to settle with an individual?
You can only attach a person's property through a court judgment. The court issues the judgment lien and then the lien is recorded in the land records. When the parties settle out of court there is no perfected "lien".
What are my options for a motor vehicle judgment Can't afford to settle this?
File Bankruptcy or threaten to since they would yield nothing if you do. They will want to settle fast.
Can a VA benefit be used or attached to settle a lawsuit?
SS and Veteran benefits are not subject to judgment garnishment for creditor debt. They can be attached if the judgment is awarded in something such as a personal injury suit.
Can you negotiate a judgment?
Yes you can always try and see if a creditor will negotiate the debt. When they want the money vad enough they always settle.
What is an arbitrator?
An arbitrement is a judgment of an arbitrator - an arbitraiton.
If your checking account is frozen because of a judgment do you have to pay the entire amount or can you settle?
That's at the discretion of the party who won the lawsuit and had the judgment enforced. In general creditors are only open to a settlement/payment agreement before a lawsuit is undertaken.
How you you negotiate and settle a NYC dept of labor judgment?
In order to answer this question with the specifics that are asked for,would require offering legal advice, which is not permitted on this site.
What can you do if collectors will not settle a levy?
There really are no options if the judgment levy is valid. The involved party might wish to consult with an attorney licensed to practice in his or her resident state to ascertain if the judgment levy has been executed according to the existing state statutes.
According to a judgment you had filed against you when you settle the debt you need to get an Order to Satisfy. What is this and where can you get it?
In simple terms it is a court order that states how the debt is to be paid. Usually the order must be from the court where the judgment was awarded. The clerk of the court which granted the original judgment will be able to inform the party involved of the necessary procedures to obtain the order.
