Results 1 to 2 of 2
  1. #1
    Join Date
    Oct 2009

    Default How to Negotiate Reduced Payment of Old Judgments

    My question involves judgment recovery in the State of: CA

    I have two judgments that I would like to satisfy, but I'm not sure how to go about getting a reduced payoff. I am without income/assets and live outside of the country. I do, however, have a small sum of money that I would like use for payment and resolve these debts.

    Do I call the creditors or lawyers on the court papers to negotiate? What do I ask for in writing before sending the money? I do not have enough to pay the full judgment, or the interest/fees that will certainly be added. What are the chances that they will go for my deal? The original judgments were for about $5,000 and $4,000. I can offer 50% right now.

    If they don't take my offer, then I will have to use that money to file chapter 7 while I'm here. I have no other money to offer.

    Thanks in advance.

  2. #2
    Join Date
    Sep 2005
    Behind a Desk

    Default Re: How to Negotiate Reduced Payment of Old Judgments

    You can try talking to the lawyers. I don't know if they're representing their clients for post-verdict collection. If they are, you can try negotiating with them. If not, perhaps they can point you in the right direction.

    1. Sponsored Links

Similar Threads

  1. Traffic Accidents: Can You Negotiate a Lower Contingency Fee
    By vikasintl in forum Accidents and Injuries
    Replies: 5
    Last Post: 08-10-2011, 05:53 PM
  2. Disability Benefits: SSI Payment Reduced by In-Kind Support
    By sherie in forum Social Security Law
    Replies: 5
    Last Post: 03-29-2011, 10:55 AM
  3. Repossession: Ready to Negotiate Payment on Concealed Car
    By Over_Sholder in forum Cars and Dealerships
    Replies: 1
    Last Post: 06-06-2010, 11:12 PM
  4. Collection Lawsuits: When to Negotiate (Pre-Lawsuit)
    By Ayakata in forum Debts and Collections
    Replies: 2
    Last Post: 05-10-2009, 04:19 AM
  5. Debt Collectors: Is it possible to Negotiate Judgements
    By diggingmyselfoutinnj in forum Debts and Collections
    Replies: 4
    Last Post: 12-18-2006, 12:53 PM
Sponsored Links

Legal Help, Information and Resources