Does Bankruptcy Wipeout a Judgement?

As a general rule, filing bankruptcy effectively eliminates or “discharges”  judgments, debts, tort liability and others types of general liability. According to Bankruptcy Laws, judgments for most types of general liability are dischargeable such as: general liability from adverse court rulings include suits based on loan defaults, non-payment of credit cards, tort liability, breach of contract, and many others. The...

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Is bankruptcy the end of the world?

Your health deteriorates and medical bills build up.  The stock market drops and your retirement nest egg disappears.  Your employer downsizes and you get laid off.  Your family experiences the death of the “bread winner”.  Any number of life events could precipitate the need to declare bankruptcy.  Feeling upset and nervous about filing is normal but rest assured that you...

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