Our law firm has defended thousands of debt collection lawsuits in the state of Texas. As a result, we have a detailed understanding of the challenges that a Texas judgment debtor may face when attempting to settle a judgment without the benefit of retaining a judgment settlement attorney. Those that go it alone should keep in mind that the creditor will most likely have an experienced lawyer who will be looking out for the creditor’s own best interest.
The truth is that it is very unlikely that you, as the debtor, will be able to obtain the same sort of result that a professional negotiator can obtain on your behalf. This is what we do for a living. Our firm deals with the most active of Texas debt collection attorneys on a daily basis, and we have for many years. We understand them. We know what their expectations are and we know how they think. For a very reasonable flat fee, you can hire our firm to negotiate the judgment down to the best deal possible for you.
There are many creative ways to settle judgments. Sometimes we negotiate lump sum payments. In this scenario, we are often able to get a nice reduction on the balance of the debt. We have obtained lump sum judgment settlements for as low as 10% of what was owed, though we cannot guarantee that sort of result in any future case. We also often times arrange for long term payouts so that our client has the satisfaction of knowing that the judgment is settled subject to a monthly payment plan that our client can live with. Our goal is to obtain a result that our client will be happy with, and to instill the peace of mind that comes with knowing that an experienced lawyer is working diligently on obtaining a resolution to the client’s problem.
Please note that the judgment negotiation service that we offer does not include defending post-judgment litigation. In other words, the fee does not include responding to post-judgment written discovery (where the creditor serves paperwork that requires the debtor to disclose their assets); post-judgment deposition defense (where the creditor forces the Defendant debtor to attend a deposition and give sworn testimony about their assets in front of a court reporter); or post-judgment court proceedings (where the creditor asks the court for various items of relief, such as sanctions or a contempt order against the debtor for failing to abide by the rules of civil procedure or a prior court order)(these are other collection tactics that can make life difficult).
The fee does include the negotiation of the best deal possible and the review or preparation of all related settlement documentation.