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  1. #1
    Join Date
    Apr 2011
    Location
    bronx ny
    Posts
    1

    Unhappy How to Make a Settlement Offer on a Judgment

    My question involves judgment recovery in the State of: NEW YORK
    i have been issued a judgment for 39k for 1 credit card (personal use). I am self employeed and unfortunately unable to pay the judgement.

    can i offer a settlement for less than owed, with a payment plan? is less than .50 cent to the dollar acceptable?
    can my business be affected by this judgement?

    please advise.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: How to Make a Settlement Offer on a Judgment

    You are free to contact the judgment creditor and to try to negotiate a settlement. They have the right to say "no".

    If you do make a deal, before you send the check be sure to confirm in a written document or letter, signed by them, that the agreed amount will be accepted as satisfaction of the entire judgment debt.

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