All settlements (absent prior agreement) will utilize the applicable Sample Releases below. A settlement agreement is between parties in a legal dispute — the Plaintiff (initiating) and Defendant (defending).With a parking ticket payment plan, you can pay the total amount you owe for parking ticket judgment debt in installments, rather than all at once. Use Certified Mail so you have confirmation that the creditor received the letter on a specific date. To make a debt settlement agreement, you should identify your debt owner, negotiate a settlement, and formalize the agreement in writing with all details. Fill in your contact details, account number and any extra information you want to include in the grey shaded areas. Agreement. Six days later the defendant moved to enforce the settlement agreement with sealed ex- hibits attached (letters confirming the settlement). However, only Settlement Class Members who are "Current Legal Owners" will receive a payment from the Settlement. Your creditor agrees to compromise the debt (meaning: you pay less!), and you agree to pay this new amount upfront or in the form of a payment plan. Mailed claims may take up to 3-4 months for us to review your claim and mail payment.