Getting past judgement deadlock

[Slippy]

so the company I work for has had a judgement lodged by company X (X has been owed the money for over a year, and there was a repayment agreement plan last year which our company did not honour). They said make 3 equal payments and our company will be removed from credit bureau. Now, after making one payment, our MD says to make no more until we are cleared off the bureau. Company X, rightfully, is saying they will only remove us once the last payment is received.

How are deadlocks like this usually resolved?

[sterne.law@gmail.com]

A judgement can be rescinded with minimum fuss and cost (R800-R1200) where the creditor consents thereto.
Perhaps present 2 cheques, in return you get the consent letter done dated for 1 week after last cheque. The company has time to object to rescission plus if cheques are stopped or withdrawn they anyway have another action to list you again

[Dave A]

there was a repayment agreement plan last year which our company did not honour

Pretty much sums up how trustworthy your company is.

The MD should be fired for mismanagement and failing to protect the good reputation of the company (just my opinion).

[BusFact]

If I were company X I would have no interest in being lenient on your company due to your bad history. If the payments were not forthcoming as agreed I would proceed with the attachment of assets or start liquidation proceedings. That should break the deadlock. I don't see how your MD justifies his demand.

[AndyD]

Sorry if it sounds harsh but I would reiterate what's already been said. Your company defaulted on the original payment and again on the arrangement that was made. Company x is already aggrieved....twice, why should the onus be on them to be lenient? If I was running company x I would already have a judgement and you would be pleading with the sheriff of the court not to remove your assets for auction by now.

[Blurock]

Pretty much sums up how trustworthy your company is.

The MD should be fired for mismanagement and failing to protect the good reputation of the company (just my opinion).

I can not agree more. Your company has received the goods/service, made a profit on it and still have an attitude in paying company x. If you do not value your suppliers and have so little respect for the business process, you should not be in business, but cleaning toilets in stead!