QUESTION
Can I file bankruptcy on a lawsuit and if so, what type of bankruptcy would I file?
Asked on Nov 15th, 2012 on Bankruptcy - Colorado
More details to this question:
I need to find out if I can file bankruptcy on a lawsuit that is 10,000,00.
9 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Bankruptcy is a very complicated process.
Answered on Apr 30th, 2013 at 11:38 PM
Bankruptcy Law Attorney serving Austin, TX
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Law Office of Susan G. Taylor
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You need to see a lawyer to determine your eligibility for bankruptcy; Ch. 7 could discharge all unsecured, non-priority debts within 3 months.
Answered on Nov 21st, 2012 at 7:14 AM
to type of bankruptcy that is appropriate to use depends on your unique financial situation.
Answered on Nov 18th, 2012 at 7:19 AM
Bankruptcy Law Business Attorney serving Asheville, NC
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Pitts, Hay & Hugenschmidt, PA
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Yes, you can file a bankruptcy to deal with this. The type of bankruptcy depends on a number of factors that your lawyer will go over with you.
Answered on Nov 18th, 2012 at 7:18 AM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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You can file a bankruptcy if your expenses exceed your income. You must list all of your assets and all of your debts. You would be filing a chapter 7 if you qualify, and a chapter 13 if you do not qualify for chapter 7. Consult with a bankruptcy attorney.
Answered on Nov 18th, 2012 at 7:17 AM
Bankruptcy Attorney serving Alpena, MI
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Carl C. Silver Attorney at Law
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Assuming it is a dischargeable debt file a chapter 7 if you are eligible. Otherwise file a chapter 13. Either will work.
Answered on Nov 15th, 2012 at 7:48 PM
You can always file a bankruptcy and include a lawsuit and most of the time you can discharge the responsibility for paying the debt in a bankruptcy. But the devil is, as they say, in the details. If the lawsuit claims that it comes as a result of a criminal or quasi criminal action, the debt may not be eligible to be discharged. Domestic support debts & student loans also cannot be eliminated, in most instances, through bankruptcy.
Answered on Nov 15th, 2012 at 5:31 PM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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Yes you can but you have to put in all your debts and assets.
Answered on Nov 15th, 2012 at 5:31 PM
Daniel James Wilson
Most judgments can be discharged in either Chapter 7 or Chapter 13. The biggest exception is actions based on fraud.
Answered on Nov 15th, 2012 at 5:30 PM