judements

What is the name of your state? What is the name of your state?
Maryland

If a judgement has been made, though no action to collect has been taken , as well as no liens applied to existing property, can we settle the judgement with the debt holder without the assistance of an attorney? Will the amount of the judgement continue to gather interest? If possible, how does one go about doing this?

denben

[JETX]

This one is really pretty simple....

Q1) "If a judgement has been made, though no action to collect has been taken , as well as no liens applied to existing property, can we settle the judgement with the debt holder without the assistance of an attorney?"
A1) Absolutely. There is NO requirement for an attorney to be involved to settle an outstanding judgment... even if liens had been applied or collection efforts started.

Q2) "Will the amount of the judgement continue to
gather interest?"
A2) Yes, at the rate stated in the judgment or statutory interest. But this can be a negotiated issue.

Q3) "If possible, how does one go about doing this?"
A3) Simply contact the judgment creditor and advise him/her that you are interested in resolving the judgment and negotiating a settlement or payment plan.