A client retained my services to settle a default judgment that was pending on Thursday, August 20th.
Primarily due to great lines of communication with the creditor's attorney and fast responses to offers & counter offers, I closed settlement negotiations today... only one week from the start.
On a pending judgment with a principal claim of $31,000, attorney's fees of $3,000 and a few hundred dollars in court costs, I convinced the creditor to accept only $15,000 total. Payments are set for 30 monthly installments of $500 each at 0% annual interest. Plus, the judgment will not be pursued, filed or enforced.
You probably know the rest of the story... my client is thrilled with the savings, the creditor will receive money they may never have seen and I earned a fair fee for my efforts. All parties benefitted.
Scott F. Soape
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