My question involves collection proceedings in the State of: Texas
I have had a judgement that has been through the legal system and I have lost. I am trying to settle this out of court as the person that has the judgement against me is threatening to send this to collections (total judgement is 12K). He has agreed to settle for 7K to keep it out of collections, but I am concerned on how I can protect myself. What sort of documentation do I need from him in order to legally protect me that he has agreed to settle? I dont want to send him 7K and then still have him come after me or send this to collections.
Currently the discussions between us have been happening over email and phone. Do I need something notarized or the emails back and forth are proof? Any help would be greatly appreciated.

