Stipulations for Settlement are used in Florida debt collection cases when the debtor cannot commit to pay the full amount due and owing to the creditor in one lump sum payment. The Stipulation sets forth payment terms that are enforced by the Florida Courts. If the debtor makes all installments as agreed, there are no consequences to the debtor. However, if the debtor misses a payment, Judgment is entered for the full amount agreed upon in the Stipulation, less payments previously received and credited to the debtor. Once Judgment is entered post judgment enforcement steps can be taken.
Please feel free to contact our Florida collection law firm and speak to our Florida collection attorney about the specifics facts surrounding your Florida debt collection case. You may mail or email your supporting documents to our collection firm. Our Florida collection attorney will review your account and then contact you to devise a strategy for your Florida collection matter.
Stephen B. Gebeloff, P.A.
5255 N. Federal Hwy., 3rd Floor
Boca Raton, FL 33487