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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Mark:<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>You can keep the language of your Judgment clean and record it. Prepare a separate Stipulation for Stay of Execution (that needs not be filed). The Stip can provide for the discounted settlement. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>If you go this route, add the following language in the Stip. “<i>Should the payment of this settlement be hereafter voided for any reason, then the discounted settlement set forth in this Stipulation shall not apply”</i>. It’s not full proof, but I always include it. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Feel free to call me if you have any questions about the structure. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><img width=218 height=60 id="Picture_x0020_1" src="cid:image001.gif@01CD4A16.EBC38E10" alt=Logo><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>Tracye K. Solove, Attorney at Law<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>Certified Civil Circuit Mediator<o:p></o:p></span></p><p class=MsoNormal><u><span style='font-size:10.0pt;font-family:"Cambria","serif";color:blue'><a href="Tracye@solovelawfirm.com"><span style='color:blue'>Tracye@solovelawfirm.com</span></a><o:p></o:p></span></u></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>Kendallwood Office Park One<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>12002 Southwest 128th Court<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>Suite 201<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>Miami, Florida 33186<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>Phone: (305) 612-0800<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'>Facsimile: (305) 612-0801<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'><a href="http://www.solovelawfirm.com/"><span style='color:blue'>http://www.solovelawfirm.com</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Cambria","serif"'><o:p> </o:p></span></p><p class=MsoNormal align=center style='text-align:center'><i><span style='font-family:"Cambria","serif";color:blue'>Providing Statewide Legal Services in the areas of Commercial Collections and Recovery, Creditors' Rights, Commercial Landlord/Tenant and Real Estate Foreclosures<o:p></o:p></span></i></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal>This transmission is intended to be delivered only to the named addressee(s) and may contain information which is confidential, proprietary, attorney work-product or attorney-client privileged. If this notification is received by anyone other than the intended recipient(s), the recipient(s) should immediately notify the undersigned by E-MAIL and by telephone and obtain instructions as to the disposal of the transmitted material. In no event shall this material be read, used, copied, reproduced, stored or retained by anyone other than the intended recipient(s) except with the express written consent of the sender. Thank you. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> clc-discussion-bounces@lists.flabarrpptl.org [mailto:clc-discussion-bounces@lists.flabarrpptl.org] <b>On Behalf Of </b>Mark Young<br><b>Sent:</b> Wednesday, June 13, 2012 8:43 PM<br><b>To:</b> Construction Law Discussion<br><b>Subject:</b> [CLC-Discussion] Bankruptcy Proof Agreed Judgments<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>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.)?<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Thanks,<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Mark<o:p></o:p></p></div></div></body></html>