Saturday, November 14, 2009

Stipulated judgments: the 'secret' savior

By Erica Sandberg -
Being sued for debt? This is one option you should know about

Many distressed borrowers react by avoiding problems. Robert Hild, CEO of AXZAS, a nationwide process server management company, reports that an astonishing 95 percent of those served never file a response to the summons and complaint or appear in court. "They know they owe the debt, so they throw their hands up in the air," says Hild. "They want to ignore it. But in many cases, the account has already been charged off, and the creditor may be willing to bend."

Read the rest of the story:
Stipulated judgments: the 'secret' savior


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