Mr. Konst is correct. Based on the facts presented, you do not appear to have a position of strength from which to bargain. As to whether or not you can try to negotiate some sort of settlement agreement, you should try to negotiate as best you can. Your facts are silent as to the amount at issue. If it is a substantial amount, you should seek the assistance of a local debt settlement attorney.
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Settlement is always an option.
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You have not provided much information. However, you can always inquire as to whether the other party is amenable to settlement.
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