Law & Legal Issues
Credit and Debit Cards
Debt Collection
Civil Lawsuits

Can you settle a judgment for a lesser amount or are settlements just for before the judgment?

474849

Top Answer
User Avatar
Wiki User
2005-11-15 14:56:50
2005-11-15 14:56:50

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.

123
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

If a judgment has been recorded against someone, that person must pay the person holding the judgment the full amount of the judgment plus interest unless some lesser amount is agreed upon. When te payment clears, the judgment holder gives a document called a Warrant of Satisfaction (or some similar term), which the debtor sends to the state office where the judgment is recorded. That office will file the Warrant and the judgment will be released. It is never "dismissed". It is just paid and satisfied.

User Avatar

Pay it in full, make a settlement agreement to pay a lesser amount in lieu of full payment or file for bankruptcy.

User Avatar

a solute is lesser amount a solvent is greater amount..

User Avatar

The copper content of pennies before 1980 was 95% copper and 5% zinc. The percentages changed in 1982 to a lesser copper amount.

User Avatar

People who have the means have an attorney negotiate with the creditor who will often settle for a lesser amount. You might try contacting the legal department of the creditor (perhaps the person whose name is on the court papers for the credit card company). You could try to make an offer to send a cash payment and see if they will take a lesser amount if you agree to pay it off. Tell them you are on a pension and otherwise it will take you a very long tie to pay it off. It's up to the creditor. No one else can change the amount of the judgment.

User Avatar

In a solution, the substance of which the amount is greater is called the solvent, and the substance of which the amount is lesser is called the solute.

User Avatar

The defendant debtor can negotiate with the plaintiff creditor up until the time the judge awards a judgment for the debt owed, and sometimes after a judgment has been handed down. Often the presiding judge will request the two parties meet with an indpendent mediator to attempt to settle the issue without it being necessary for the court to make a decision. A judgment is issued after the case has been heard. If the debtor has already received a notice of final judgment that would indicate that the plaintiff creditor has won the case and can execute the judgment in the time and in the way the laws of the state allows. It is in the best interest of the judgment debtor to try and reach a settlement with the judgment creditor. Some creditors will negotiate for a lesser amount even after a judgment award just to have the matter finished, but many will not if they believe they can collect a larger amount by letting the judgment stand. Judgments can be valid 5 to 20 years and many are renewable, they will continue to accrue interest until they are paid or settled and the debtor can end up owing considerably more then the original debt.

User Avatar

Decreased means that something became smaller or of a lesser amount.

User Avatar

the mass of the iron is lesser than that of the oxygen so wen combined it creates a generous amount.

User Avatar

The Church gives the name Purgatory to this final purification of the elect, which is entirely different from the punishment of the damned. The Church formulated her doctrine of faith on Purgatory especially at the Councils of Florence and Trent. The tradition of the Church, by reference to certain texts of Scripture, speaks of a cleansing fire: As for certain lesser faults, we must believe that, before the Final Judgment, there is a purifying fire.

User Avatar

A settlement characterized by a concentrated center of political/economic control that exerts influence over a series of smaller less significant settlements over a a great distance. The further the lesser settlements are from the elite center the less allegiance they have towards their the capital settlement.

User Avatar

Increase means becoming bigger or greater in amount. Decrease means becoming smaller or lesser in amount.

User Avatar

solute is present in lesser amount in comparison with solvent no more solute is dissolved in definite amount of solvent saturation

User Avatar

No, their charge is equal to each other.

User Avatar

To produce an additional unit of a commodity a nation has to forego lesser and lesser amount of other commodity is known as decreasing opportunity cost.

User Avatar

A substance dissolved in another substance, usually the component of a solution present in the lesser amount

User Avatar

it is the same amount of calories, but butter is the lesser of the 2 evils.

User Avatar

for three and a half years i been paying a lesser amount and know he said that i owe him a large amount

User Avatar

A substance dissolved in another substance, usually the component of a solution present in the lesser amount.

User Avatar

Possibly a lesser monthly payment perhaps, but no reduction in the total amount owed.

User Avatar

The answer is unknown. Perhaps he was taller that Saint James the Lesser, perhaps James the Greater was called by Our Lord before James the Lesser.

User Avatar

The percentage amount of graphite used affects the conductivity of pencil "lead". More the amount, lesser is its resistivity and greater the conductivity.

User Avatar

The two major components of solution are the solute and the solvent. The solute is the component that is present in the lesser amount and the solvent is present in the greater amount.

User Avatar

5 pints contains 10 cups, so that is the lesser amount.

User Avatar

Carbon because it has a lesser amount of valence electons compared to fluorine


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.