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Is it a thing that you can claim bankruptcy
Posted on 6/2/24 at 6:11 am
Posted on 6/2/24 at 6:11 am
To get out of paying a court judgment? Serious question.
6
Posted on 6/2/24 at 6:25 am to themunch
Depends.
Which state?
Criminal or civil judgment?
Which state?
Criminal or civil judgment?
Posted on 6/2/24 at 6:32 am to themunch
Depends on the underlying nature of the debt, whether there is equity in collateral, and other factors.
Posted on 6/2/24 at 7:16 am to RFK
I was reading the article on Sanders son was sued and is trying to file after years of collecting money from sport to discharge his liabilities with bankruptcy. Could be normal I do not know but was curious. It stems from a case in Dallas Tx.
Posted on 6/2/24 at 9:02 am to themunch
quote:
I was reading the article on Sanders son was sued and is trying to file after years of collecting money
He was also a minor when this happened so why aren't his parents involved in any settlement ?
Dion preaches about being a man of god and a stand up man
Posted on 6/2/24 at 9:06 am to The Torch
Generally, but there are exceptions. For example, claims arising out of intentional acts are generally not subject to discharge.
Posted on 6/2/24 at 9:25 am to JerseyJohn
In that instance, a timely complaint to discharge must be filed and pursued to judgment. I only say this because some folks will read that post and think an intentional act debt is not discharged just because it is a debt arising from an intentional act.
This post was edited on 6/3/24 at 5:07 am
Posted on 6/2/24 at 9:29 am to themunch
quote:
Is it a thing that you can claim bankruptcy to get out of paying a court judgment? Serious question
Yes this is a possibility in certain situations
Posted on 6/2/24 at 7:56 pm to themunch
Bankruptcy doesn’t just let you get out of your debts either. A trustee for the court takes all your assets and debts and tries to pay as much of the debt with whatever assets you have besides a house, car and certain amount of cash, etc. Wages get garnished and other things sold to pay off debts.
Posted on 6/2/24 at 9:37 pm to Suntiger
quote:
Wages get garnished and other things sold to pay off debts.
That’s a broad sweeping statement and while it can be true if a person has a lot of assets the truth is that most bankruptcies are declared to be “no assets” and the penalty to the person is just the bankruptcy itself.
Posted on 6/2/24 at 11:46 pm to themunch
I came for a Michael Scott gif...I am disappointed.
Posted on 6/3/24 at 8:01 am to VABuckeye
quote:
That’s a broad sweeping statement and while it can be true if a person has a lot of assets the truth is that most bankruptcies are declared to be “no assets” and the penalty to the person is just the bankruptcy itself.
It is a lot more complicated than I have in my head.
But I presume most "no asset"bankruptcies go Chapter 7. And considering that it is a liquidation of assets, the filer probably doesn't have much.
Chapter 13 has the reorganization of debt. The filer agrees to a payment schedule per the judge. And the filer can work out a deal to keep assets from liquidation.
Posted on 6/3/24 at 11:33 am to themunch
It depends on what kind of court judgment but yes, plenty of court judgments can be discharged in bankruptcy. Court judgments are the main reason for a lot of bankruptcies. There are exceptions such as child support judgments and a few others.
Posted on 6/3/24 at 12:31 pm to themunch
quote:
I was reading the article on Sanders son was sued and is trying to file after years of collecting money from sport to discharge his liabilities with bankruptcy. Could be normal I do not know but was curious. It stems from a case in Dallas Tx.
Unless they pay off the judge, i don't see any way this happens.
Posted on 6/4/24 at 1:59 pm to Tiger Attorney
quote:
I came for a Michael Scott gif...I am disappointed.
Feel better?
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