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If you have been served notice of a judgment against you can the judgment be dismissed or is it too late?

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Wiki User
2008-08-13 13:31:54

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.


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