Written by attorney Ivan Paul Cohen | May 1, 2009

Reduce a Debt to a Judgment in California

While forgiveness of unpaid debts is a normal function of any downward business cycle, creditors need to determine whether there is value in reducing the debt to a judgment. That decision must be weighted in terms of what the economic future will bring for the debtor. Just because someone has nothing now, does not mean they never will own anything of value.

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