satisfying CCJ by payment in kind

[princeperch]

I've been out of the civil litigation loop for a few years now hence the question.

if mr X (a businessman) has a CCJ against Mr Y and Mr Y (who is a businessman) offers to provide goods or services to Mr X in satisfaction of the CCJ (its been over a month so judgment will only lie on file as a satisfied CCJ it wont be removed I would guess) will the county court simply accept a signed letter from both parties that an agreement has been reached, together with the fee, and that the judgement can now be listed as satisfied?

[Rovinghawk]

If everyone's happy, why not? I think it's that simple.