Can you still file bankruptcy after a Judgement?
Table of Contents
Can you still file bankruptcy after a Judgement?
However, as long as you are eligible to file under one of the bankruptcy chapters, you can still eliminate or restructure debts that are owed after a lawsuit is filed and even after a judgment has been entered against you. It is, nevertheless, usually best to file bankruptcy before a judgment is entered.
Who ends up paying for bankruptcy?
So Who Actually Pays for Bankruptcies? The person who files for bankruptcy is typically the one that pays the court filing fee, which partially funds the court system and related aspects of bankruptcy cases. Individuals who earn less than 150% of the federal poverty guidelines can ask to have the fee waived.
Is a civil judgment dischargeable in bankruptcy?
Bankruptcy Will Discharge Most Lawsuit Judgments If your lender obtains a judgment, it can garnish your wages or go after your assets to satisfy the outstanding judgment. Fortunately, filing for bankruptcy can stop the garnishment and wipe out your obligation to pay back discharged debts.
Can creditors sue you after bankruptcy?
The bankruptcy discharge eliminates your personal liability for dischargeable debts. If there is no personal liability, your former creditor can't sue you for money and get a judgment that allows it to levy your assets or garnish your wages.
