Jump to content

settlement on lawsuit/ default on payment?

Recommended Posts

I settled in a lawsuit. ONLY because the person who sued me had a lot more money than I did & could afford to keep it going & going...after spending over $25k with my attorney, I settled for $42K (they wanted $150k). I gave $12k up front & payments of $1250 monthly. I have only 8 months left of payments & am going to be late this month. (I own my own business, I have had a large client default on $25k he owes me.) This is the first time ever being late. What happens? Can the other party get a lien or judgement against me?

thank you.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.