Richmond, VA Judgment Settlement Attorneys
Helping Virginians Rebuild Financial Stability Since 1991
Facing a court judgment can be overwhelming and stressful. Many individuals find themselves struggling with wage garnishments, mounting fees, and the constant pressure from creditors. If you received a judgment or lien notice in Richmond, Boleman Law Firm, P.C. can help you protect your financial future.
Since 1991, our judgment settlement lawyers have helped Virginians find long-term solutions to rebuild economic stability and regain control of their lives. With over 150,000 cases handled, our attorneys bring decades of experience and knowledge to every case. When you partner with our firm, you can expect personalized guidance and practical solutions to help you move forward with confidence.
If you received a judgment or lien notice in Richmond, our attorneys can help you protect your financial future. Contact us online to discuss your case.
What Is a Judgment Settlement?
A judgment settlement is an agreement between a debtor and a creditor to pay less than the full amount owed under a court judgment. If a creditor goes to court and wins a judgment against you, a settlement can allow you to pay a smaller amount or set up a manageable payment plan, instead of paying the full court-ordered debt.
For individuals considering bankruptcy, a judgment settlement can be an important option. Settling the judgment may reduce the debt you need to address in bankruptcy or even allow you to avoid bankruptcy altogether. However, if a settlement isn’t possible, bankruptcy can help stop collection actions and may discharge some or all of the debt.
Is It Best to Settle a Judgment or File for Bankruptcy?
It depends on your financial circumstances. A settlement can help you avoid bankruptcy, but may not fully relieve you of your debt obligations. Bankruptcy can provide broader protection, but it also carries long-term consequences.
At Boleman Law Firm, P.C., we have a deep understanding of state and federal bankruptcy laws to help you find the best path forward. Our attorneys can review your specific case and explore some potential legal options for eliminating or reducing your debt.
-
Help A Friend Friend or family member with a financial problem? -
Current Clients Are you a current client, and need help?
-
What To Bring Unsure about what documents to bring with you to your upcoming appointment?
-
Bankruptcy Glossary Confused about certain terminology?
-
"I am beyond thankful!"
The professionalism, empathy respect and guidance that I received at the Boleman law office was an unforgettable experience that uplift my journey.
- Monica B. -
"Boleman law firm has been the best law firm in Virginia."They helped me and my wife so much I could never repay them for the help they did for us and they were very kind and helpful and always took my calls and always made sure I was doing my part and they never ever let us down they saved our home our automobiles and that was our life as I said they were like family the way they treated us and did so much for us and the price they charged us was so cheap and they never let us down. To us there is no other law firm that is like family.- David R.
-
"I highly recommend Boleman Law firm if you are considering bankruptcy."Boleman Law Firm possesses some great lawyers. I had some fears about filing for bankruptcy but their staff walked me through the entire process. I was treated with respect and compassion. It’s not easy deciding to file for bankruptcy but Boleman made the process easy and relatively straightforward.- Robert M.
-
"Guided us to a successful outcome."
We had a great experience . Their team is amazing. Very professional while being considerate of 2 older folks with special needs.
- Tom G.
Do I Need a Lawyer to Settle a Judgment?
Having a trusted attorney on your side is strongly recommended for judgment settlements. Some critical reasons to secure experienced representation include:
- Legal guidance. Our advocates can help you navigate the legal process with care and in compliance with state and federal laws.
- Drafting the agreement. We can help you draft a clear, enforceable agreement that protects your best interests.
- Negotiations. Our firm can communicate with creditors on your behalf to secure reduced amounts, flexible payment plans, or lump-sum settlements.
- Protection from creditor abuse. Our attorneys can protect you from creditor harassment, unfair demands, and unlawful collection tactics.
If you’re facing financial hardship, choose Virginia’s largest consumer bankruptcy firm to protect your financial interests. Call (804) 396-2005 to schedule a free consultation.
Judgement Settlement FAQ's
-
Can Creditors Garnish Wages if I Settle a Judgment?
If a settlement is reached, wage garnishment can usually be avoided as long as you are making timely and responsible payments under your agreed-upon plan. If you default on the settlement agreement, the creditor may pursue wage garnishment, collection lawsuits, and other actions to recover the full amount.
No matter your situation, it’s crucial to have the settlement in writing and reviewed by a knowledgeable lawyer. When you partner with Boleman Law Firm, P.C., our attorneys can protect your rights and help you negotiate a fair agreement that aligns with your long-term goals.
-
Is It Possible to Settle a Judgment After It Has Been Entered in Court?Yes. Even after a judgment is entered, you may negotiate a settlement with the creditor. However, the process may involve additional steps like formalizing an agreement or obtaining court approval. Our lawyers are well versed in these legal complexities to guide your steps wisely throughout the proceedings.
-
How Can a Judgment Settlement Affect My Credit?
When you settle a judgment, it is usually reported to credit bureaus as “settled” or “satisfied for less than full balance.” This indicates you resolved the debt, but it may impact your credit differently than paying in full.
A settled judgment may lower your credit score compared to paying the full amount, but it also stops ongoing collection activity and can prevent further legal actions. Making timely payments can help improve your credit over time.
-
How Long Does It Take to Settle a Judgment in Richmond?The timeline for settling a judgment will vary depending on creditor responsiveness and negotiation complexity. Some settlements may be completed in a few weeks, while others can take several months. At Boleman Law Firm, P.C., we pride ourselves on providing clear communication to keep you informed and up to date at every step.