Settle Your California Case Efficiently with a Stipulation for Entry of Judgment
When dealing with collection issues with a customer, negotiating a payment plan over time can be a common approach. If you have taken the step to file a lawsuit to recover what you are owed you are likely past the point of relying on your customer to make payments over time voluntarily. The best outcome of this sort of lawsuit is a lump sum settlement that fully resolves the issue. In certain cases, your debtor may lack the immediate funds to settle the action in a lump sum. So, how can you effectively resolve such situations? Enter the stipulation for entry of judgment – a valuable legal tool. This streamlined mechanism can turn a settlement agreement into a judgment quickly. In this article, we will delve into the concept of a stipulation for entry of judgment and its effective utilization to settle cases in California.
Understanding the Stipulation for Entry of Judgment
A stipulation for entry of judgment is a written agreement between all parties involved in a legal case. Unlike traditional settlement agreements, it combines settlement terms with a provision for the court to enter a judgment based on those terms. This unique approach enhances enforceability and clarity in the settlement process. At The Law Office of Bryan M. Grundon, we structure stipulations for entry of judgment in a way that allows swift judgment entry without a hearing if the debtor defaults. No more pleading with your debtor – either they pay, or we swiftly obtain an enforceable judgment against them.
The Practical Application of a Stipulation for Entry of Judgment
Let's consider an example scenario: the debtor agrees to pay the outstanding balance over a 24-month period. The stipulation outlines the payment amounts, due dates, and payment instructions. It also covers the default provisions. In the event of a default, we typically send an email notice with a short cure period. If the debtor fails to cure the default, we prepare a brief application showing compliance with the default provisions. This application, along with the remaining amount due, is then submitted to the court. The court reviews the agreement and application, and if everything meets the requirements, it enters the judgment as outlined in the stipulation. In most cases, no hearing is necessary. Once the judgment is entered, it holds the same enforceability as any other California judgment.
Optimize Settlements with a Stipulation for Entry of Judgment
By utilizing a stipulation for entry of judgment, you can expedite the settlement process and establish a clear path to enforceability. It offers a practical solution for resolving cases where debtors may lack immediate funds for a lump sum payment. If you find yourself in such a situation, explore the benefits of a stipulation for entry of judgment. Remember, seeking guidance from an experienced California collection attorney, such as The Law Office of Bryan M. Grundon, ensures the proper drafting and execution of a tailored stipulation for entry of judgment for your specific case.
Drive your California case towards efficient resolutions with a stipulation for entry of judgment. Contact The Law Office of Bryan M. Grundon today for legal guidance and assistance.
Bryan M. Grundon
The Law Office of Bryan M. Grundon