default judgement settlement???

Yes, as long as the details are all worked out. I settled a Cap1 post judgment from 2007. In 2009 they dragged him back to court and we settled at 50% lump. It wasn't an earth shattering settlement but they already had the judgment and time is money.

Yes, but they don't have to and many times they just garnish. But most legal cases based upon the UD Dollar can be settled for less as long as it is cash or short-term payment plan with big payments. Good Luck to you.