[CLC-Discussion] Bankruptcy Proof Agreed Judgments

[Mark Young]

Hypthetical:  Parties are working toward a settlement agreement, to be
incorporated in a Final Judgment for a contract dispute.  Defendant has
insufficient funds to make a lump payment of the Final Judgment and
requires a payment plan that will take years.  Plaintiff is concerned with
Defendant's ability to pay the judgment.  Is there any language that can be
placed in a settlement agreement that will protect Plaintiff in the event
Defendant files for bankrupty (non-dischargeable debt, secured creditor
status, etc.)?

Thanks,

Mark
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