I recently had a client come into my Miami Florida office to file for bankruptcy but I didn’t feel they were a good candidate and instead suggested that they settle their debts.   Clients believed that because they already had a judgment against them it would be impossible to settle the debt.  I’ve also had other clients ask me the same question, is it possible to settle a debt once it has already been recorded as a judgment in either Miami-Dade County or Broward County public records.

The answer is YES.  A debtor can settle a debt before a lawsuit, during the lawsuit, or even after it has been converted to a judgment.  Once the debtor and the creditor have reached an agreement and the debtor their attorneys will draft up a stipulation agreement and once all the elements of the stipulation agreement have been satisfied the creditor will file a satisfaction of judgment in the county where the judgment was recorded.  We can assist you in negotiating your debt.

If you are thinking of filing for bankruptcy in South Florida and would like to speak with an experienced Chapter 7 and Chapter 13 bankruptcy attorney then please contact Shmucher Law, PL, and attorney Ofer Shmucher.  We offer free consultations seven days a week and can be reached at 954-309-5559 or 305-741-5553.