Can a Judgement Be Renegotiated After the Fact

[rocky1]

My question involves judgment recovery in the State of: Louisiana

I had a judgement issued against me and my wages have been garnished for a year. Is there a way to get the judgment reduced and/or dismissed even though the full amount hasn't been paid as of date. I hate the feeling of never seeing the end in sight with this and would like it to go back and settle it if possible.

[Mr. Knowitall]

You can reduce the judgment by paying part of the judgment balance - the amount you owe will be reduced by what you pay.

You are free at any time to contact the judgment creditor and to try to negotiate their filing a satisfaction of judgment in exchange for your paying an agreed-upon amount, even if that amount is less than the face value of the judgment.

If the judgment is dischargeable in bankruptcy, you can consult a bankruptcy lawyer.

[rocky1]

Thanks for replying. Unfortunately bankruptcy isn't an option. I don't have enough debt that would warrant it. I'll try contacting the creditor. I've paid $11K on what I believe the judgement says is about $20+K My only problem that I'm thinking I may have is that I don't have a lump sum to offer them if they were to renegotiate the balance and I don't want to continue paying them 25% of my gross.

[jk]

so, what do you have to offer them that would entice them to simply give up the remainder of what you owe them? They have no reason to simply say "ok, we have enough" when they can simply leave everything as is and collect the remainder of the debt owed.

[rocky1]

If push came to shove, I'll continue paying, I can probably make a case for a hardship of some sort and get the dollar amount reduced, which is really what I want to do, if they continue with the garnishment to get to that reduced dollar amount then so be it, I can accept that. The main problem I have is that they can't tell me when the garnishment is going to stop. They don't have a solid dollar amount of the total of the garnishment which means to me that they're going to just take as much as they can and I don't have a say in it.

[jk]

=rocky1;507235]If push came to shove, I'll continue paying, I can probably make a case for a hardship of some sort and get the dollar amount reduced,

there are laws allowing controlling the amount of the garnishment. Unless a court wants to act contrary to the law, it will remain as it is.


.

The main problem I have is that they can't tell me when the garnishment is going to stop

.when the debt is paid in full. There is no way for them to know that due to possible time off (which would reduce the amount they can garnish) such as vacation and sick time or any other reason they could not garnish the same amount each week.

They don't have a solid dollar amount of the total of the garnishment which means to me that they're going to just take as much as they can and I don't have a say in it.

there was a solid dollar amount in the judgment and there is a likelihood of interest. Not sure what you want that is more solid. They get to keep taking until their judgment is satisfied. Get out your calculator and do some calculating. You should be able to come to some reasonable guess at a time of payment in full.