I have a judgement against which keeps adding interest which is up to about $15000.00, It was $4000.00 defaulted stipulated judgement which ...

Question

I have a judgement against which keeps adding interest which is up to about $15000.00, It was $4000.00 defaulted stipulated judgement which I could not pay after job loss. I can now pay something to hopefully settle and be done with this mess. I'm 55 and want to someday retire without debt hanging over me. I have not considered BK, but I'm open to all thoughts! Thank You for response

Answer

Either you or your legal representative could contact the attorney who represents the judgment creditor and try to reach a stipulation for repayment, even if it's somewhat discounted. Usually, the judgment creditor would rather have some money than none at all.