Q: Can I file bankruptcy if I have a judgement against me that I can't afford to pay.

3 Lawyer Answers
Mr. Chad Van Horn
PREMIUM
Mr. Chad Van Horn
Answered
  • Bankruptcy Lawyer
  • Fort Lauderdale, FL

A: Absolutely. Judgments are one of the main reasons that individuals chose to file bankruptcy. You may want to move quickly as once the creditor receives the judgment, they can engage in post-judgment activities like garnishment or seizure of assets.

Janice Jacovino , Timothy Denison and David Luther Woodward agree with this answer

1 user found this answer helpful

Stuart Nachbar
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Stuart Nachbar
Answered
  • Criminal Law Lawyer
  • Livingston, NJ

A: Yes, you could potentially file for Bankruptcy on a Judgment that you can not afford to pay. There are many criteria that have to be satisfied, and I would urge you to seek out counsel in your state to assist you, but yes, this will not prevent you form filing, and this is the reason bankruptcy exists.

Timothy Denison agrees with this answer

Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Most likely, yes, but you need to have a competent bankruptcy attorney review your entire financial situation.

Janice Jacovino agrees with this answer

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