You may ask the judge to dismiss. He does not have to, though.
If a judgment is obtained steps can be taken to obtain payment if you do not pay voluntarily. Once they have a judgment, they can go back to the court if they do not receive payment and file for periodic payments, once the judge issues an order for periodic payments, if you do not make those payments you will be violating a court order which is punishable by being arrested. Also, if they have obtained a judgment and you do not pay they can attach any assets you have such as vehicles, property, bank accounts or paychecks.
annuity
A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements. Structured settlements are now part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlements. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called "periodic payments." A structured settlement incorporated into a trial judgment is called a "periodic payment judgment."
premium
In this scenario, the investor receives periodic payments (annuity payments) and a lump sum when the debt instrument matures.
As you have described it, this sounds very similar to an annuity.
annuities....
Annuity
One can obtain cash for structured settlement payments from any of the legal financing companies. Structured settlements is a periodic payments of funds. It is received as a claimant of injured party.
That could be an annuity, or a permanent life insurance policy.
Periodic payments against an outstanding loan balance that do not pay off the entire outstanding loan balance.
Running Account Bills: Raised for periodic payments for an ongoing projects, example for construction projects