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  1. #1
    Join Date
    Oct 2009
    Posts
    1

    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
    Location
    Behind a Desk
    Posts
    98,846

    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.

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