Re: pay a CA or wait until court appearance
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Posted by Why Chat (209.240.205.61) on January 29, 2004 at 18:08:04:
In Reply to: Re: pay a CA or wait until court appearance posted by Bob on January 29, 2004 at 17:23:41:
It is a settlement with a Court appointed mediator. It can be for the full amount, paid over time, or a lesser amount paid immediately. The value is that it is Court supervised rather than run by a CA lawyer, so all terms must be met. If payments are scheduled, and they aren't met, the judgment can be entered without any delay, (it is called a consent judgment, as the debtor agrees to it if they default on the settlement agreement) Once the agreed payment is made, the claim is dismissed.
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