Conditional Settlement Agreement For Judgment Creditor Cases-Small Claims {VN215}

VN215 Calendar No: ______ Parties sworn in: Yes No Date: / / 20____ Ventura County Superior Court - Conditional Settlement Agreement for Judgment Creditor Cases ­ Small Claims The Parties to this action have reached a Settlement in Case # ________________________________________________ This agreement is binding and enforceable between the parties; however, it does not change the judgment. If any payment called for under this agreement is not made, or not made on time, the judgment creditor may end the agreement and enforce the judgment in any manner which the law permits. Judgment Creditor: _______________________ Judgment Debtor: ___________________________ Judgment Creditor: _______________________ Judgment Debtor: ___________________________ THE PARTIES HAVE AGREED TO THE FOLLOWING: Financial: In exchange for the judgment creditor's promise not to enforce the judgment, as set out below, ______________________ agrees to pay ________________________ the sum of $ ________________ Each party will bear their own costs Judgment Debtor will pay costs in the amount of $ ____________ ______________________________ agrees to accept payment from _____________________________ in full by ____________________________, 20_____ in installments of: $______________ per ______________ First payment will be due on ____________________________ Subsequent payments will be due on ____________________ until balance is paid in full; Payments will be made by: Personal Check Cashier's Check Money Order In exchange for the judgment debtor's promise to make payments, as set out above, the judgment creditor agrees to take no action to collect on the judgment (including without limitation, wage garnishment, bank levy, or debtor's examination) so long as the judgment debtor make these payments on time. Once the judgment debtor has made all of the payments called for above, the judgment creditor will file with the court an acknowledgment that the judgment is satisfied in full. The parties agree to defer the examination of the judgment debtor, and therefore in the event the judgment debtor should fail to make any payment under this agreement, the judgment creditor may apply for a new order for examination at any time. Judgment Creditor: _______________________________ Judgment Debtor: ___________________________ Judgment Creditor: _______________________________ Judgment Debtor: ___________________________ The parties understand that they should notify the court in writing of any changes of address until such time as the terms as the terms of this agreement are fully performed. Mediator Name: _____________________________________ Co-Mediator Name: _____________________________ Optional Form VN215 ­ Rev.7/09 Ventura County Superior Court - Conditional Settlement Agreement for Judgment Creditor Cases ­ Small Claims American LegalNet, Inc. www.FormsWorkFlow.com