Can you satisfy a judgement without having a wage garnishment or bank levy?

[optimistic1]

If, the judgment is filed and recorded, and you are aware of it, can you then opt for a payment plan to satisfy the judgment rather than waiting for a wage garnishment or bank levy?? This would be for a collection lawfirm.

[MSbklawyer]

You can certainly propose it and assuming the collection firm decides to accept you payment terms there's no reason it can't be done.

[GoingDown]

But please be aware, that after they get a judgment, even if they voluntarily agree to accept a payment plan, they can, and often do, garnish wages and freeze bank accounts anyways.

Unless you can afford to pay it off quickly, you had better consider your bankruptcy options.

And any money you leave in a checking account or savings account... well, you might as well ring the dinner bell for the debt collectors.

[frogger]

But please be aware, that after they get a judgment, even if they voluntarily agree to accept a payment plan, they can, and often do, garnish wages and freeze bank accounts anyways.

Unless you can afford to pay it off quickly, you had better consider your bankruptcy options.

And any money you leave in a checking account or savings account... well, you might as well ring the dinner bell for the debt collectors.

If you have a payment arrangement in writing, they can not do this. If they do, then the fun & games can begin.

[jwmc1]

If they are going to get a judgement anyway, you can always ask for a consent judgement that will outline the payments, and as long as you continue making the payments according to the consent judgement they cannot garnish.