Should I declare bankrupcy?  What are consequences of judgements?
479660
I would file tommorow if I was you, once they get a judgement you cant include them in your bankruptsy. I just filed in october and it was over in march. I downloaded the forms from gov.org website and did it myself, I filed it myself and included a form to ask the court for a payment plan for the court costs which were $187.00, to be made in payments. We filed chapter 7, and because we didnt have more than 25% equity in our home we got to keep it. We wernt behind on that bill. So we just keep on paying it like usuall. We got to keep one car for each of us. Both were already paid off. My husband had one judgement that was not allowed to be discharged. And our home equity loan and mortgage was not entered as a discharge, because we are still able to pay for that. We got $69,000 dollars worth of debts discharged (meaning we don't have to pay them)The day you file, you have to pay $50 dollars toward the total if you file the form asking for the payment plan. The forms are kinda hard to understand at first.The packet is about 20 pages. One ask to list all secured debts, which are home loans or car loans. And then you list all your unsecured debts on one page meaning credit cards and hospital bills and the like with all the totals and names and addresses of the debtors, and then a page to list your income and what your personal assets are like jewlery, art work etc. Just work one page at a time, you can do it. But work fast before the judgement, and don't tell them you are doing it. The day you file you and get a number you are protected from them harrassing you, calling you or sueing you. The papers are free to download of the government web page. You have to decide which one to file chapter 7, 11, 13 depending on you particular circumstances. 7 is total and if you own more that 25% equity in a home they can sell the home to satisfy the debtors. 13 is a repayment plan I think. And state to state has different rules. Now you have to have credit counciling to, I think. The second web site has the forms free to download and the rules of the credit counciling and a listing of the individual states that you would live in. I hope this has helped you. Remember the law was set up for you to help you, when you cant pay the bills. Dont let anyone shame you. Its your right to file..
1122184
whoever is one the mortgage itself will receive the bad news from the credit bureaus. The reason the bankruptcy occured, I assume, is because of foreclosure. since the mortgage is in your husbands name, it will go against him. once everything is finalized, just check your credit to make sure it doesn't affect you in the process. never hurts to check.
151490
Yes, sometimes you can.  You may have to take an interest only loan, and one with a high interest rate, and you will probably be given terms of a hugh pre-payment penalty.  Not all lenders look strickly at the numbers, some actually do look at the over all picture and past history before your circumstances forced you into bankrupsy.  Good Luck, and keep looking as there are some companies out there!
289695
That's a very good question.  And the answer is, in general, no.  You would have to file a complaint to determine dischargeability of debt alleging one of the grounds in Section 523(a) of the bankruptcy code.  And the cost of that complaint might be more than you would ever collect on the check.  But if they bounced a big check intentionally with the intention of defrauding you, for example, you might have reason to pursue that kind of case.
736317
You got a consolidated loan setup to lower interest on multiple loans you had trouble paying. That's your fault. Keep on the plan you have now or declare bankruptcy.
344334
It depends on what your situation is. The best time to file either is never, obviously - but if you have to file, then :\n\nIf your objective is to get as much as you can from your spouse, file bankrupcy first, then divorce. The assets remaining after the bankrupcy will be split evenly.\n\nIf your objective is to screw your spouse over, because they'll be getting something from you, then file after filing divorce. Any decree granted would be adjusted after the bankrupcy.\n\nIf the objective is something different, in general bankrupcy first, then divorce - it's the least painful route for both, and least likely to screw anyone over, I believe.
850276
Hi Jacqui,\n\nThe upside is...\n\nIf you can show they were negligent or failed in their statutory duty of care that resulted in some type of damage or loss then yes you can.\n\nThe downside is that it could prove to be expensive and the courts don't like giving judgements like this in favour of the public in case there are a flood of similar cases. What they call in the legal profession, "opening the floodgates."\n\nContact your local CAB or a specialist solicitor.\n\nGood luck.
770548
Iaminteresting is a little off.  In New York, judgements are 20 years, and they can be renewed.  They will not go away.\n\nThey have a fixed 9% interest rate on judgements, so you need to get this fixed before the interest fees kill you!
715898
Just because they have a judgement against you doesn't mean they will automatically garnish your wages.  It is their option to take the judgement to another level and file a court action to enforce that judgement.  If they have some collateral on the loan they could try to repossess it first.  Or they could file to satify the judgement with a garnishment of wage.  If you can talk to them and work out payment arrangements they may work with you to resolve the judgement without going that far.
846421
Depends on the level of debt. No they can't. They can't siphon your funds in your bank or anything. Its more or less an agreement between you and them to make payments or make them in full. I hear that after 7 years, they stop calling and can no longer collect. Of course you can declare bankrupsy, and all your debts are removed. However, that kills your credit for 7 years. Don't get too far in debt because you wont be able to finance a car, house, etc etc. Oh and just so you know, you can usually negotiate your debt down if you do deal with the credit angency. "Take it or leave it" ...usually they take it and you can settle for less of the amount than what you owe.
16416
bankruptcy should be the last resort if you only have small debts then you should either dispute them with the creditors or negotiate a payment schedule with them if you look to wipe out your debts that you brought upon yourself then you should PAY THEM\nremeber bankruptcy cost everybody money by rasing rates and prices on goods so consider it carefully
285874
depends upon how carefully the cheque has been safeguarded.if there is any failure on the keepers part failing to take precautions as if it is his cash( keeping it singed and available to any one - not under lock and key) I do not think the bank can be held responsible. But if the idenfitied person is wrong by the bank then it is the bankers. Seldem bankers accept their responsibility unless you are able to prove that you have acted in good faith and proper care you have taken of the instrument including safe keeping. - based on british law of negotiable instruments.
21036
Did you buy shares in the company? If teh company is dissolved you will not get any money, as the last people to get any money in a bankrupcy case are the shareholders (Thaxtgon lists debts of $242 million as of Aug. 31, against assets of $206 million). Hopefully there will be a restructured company, in which case you could recover something, albeit priced much lower than their worth prior to Chapter 11.
1136603
Hi there,\nIn the UK no...not necessarily.\nBankruptcy essentially means that you are offering any funds or assets that you have towards your creditors via your bankrupt estate. The link below may be very helpful to you..
68828
I am a bankruptcy attorney in California.  If you had an attorney helping you with the bankruptcy, he or she will probably take care of this for you as a courtesy.\n\nYou should have received a copy of the discharge notice from the bankruptcy court.  Schedule and appoint with the nearest DMV office (faster service) and bring a copy fo the discharge order.  They may want to see proof that the civil judgment was listed as debt.  That should take care of things for you.
46356
check with the bank. it should be fine.
535947
Prison. If you cannot reasonably repay the debt through making money (selling stuff, bailiffs etc.) or making an offer of repayment to the finance companies (you will find they are reasonable if you are honest with them and in a bad situation) then inevitably you will be taken to court. If you still cannot or do not co-operate you may well go to prison. You will also find you have difficulties getting credit in the future, no mortgage, no car finance, no  0% deals on sofas or TV's. If I were you, I'd get to the bank and sort something out.