Can I Receive a Bankruptcy Discharge if There is a Judgment Against Me?
If a consumer fails to pay a creditor what she owes that creditor, the creditor likely will begin attempting to collect on the debt. At first, the creditor likely will make contact with the debtor, urging the debtor to pay what she owes. If the debtor does not make payments, after a certain amount of time, the creditor may sell the debt to a third-party debt buyer, or the creditor may file a lawsuit against the debtor. If the creditor does file a lawsuit against the debtor and wins a judgment, can the debtor get rid of the judgment by filing for bankruptcy ? A judgment does not prevent a debtor from filing for personal bankruptcy . However, whether bankruptcy can erase the judgment depends on a number of factors. To answer this question, we want to provide you with more information about how a judgment works, and how a lien can affect your ability to discharge the debt and everything you may owe to the creditor. When a Creditor Files a Lawsuit and Wins a Judgment W...