QUESTION
If I have a judgement against me for credit card debt and they froze my bank account, should I settle or file bankruptcy?
Asked on Jul 12th, 2013 on Bankruptcy - New Jersey
More details to this question:
$8000 judgement, credit already poor. I don't have the lump sum to settle.
5 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
at
Law Office of D. L. Drain, P.A.
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In that case bankruptcy may be your only option.
Answered on Jul 14th, 2013 at 8:25 PM
Employment & Labor Attorney serving Weston, FL
at
Behren Law Firm
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Speak to a lawyer, they may be able to get your account unfrozen without bankruptcy.
Answered on Jul 14th, 2013 at 8:25 PM
General Law Attorney serving Cherry Hill, NJ
at
Mark S. Cherry, Attorney at Law, PC
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You should sit down with an attorney as a bankruptcy decision requires full know knowledge of assets, income, and all other debts and expenses.
Answered on Jul 14th, 2013 at 8:24 PM
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
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If they froze your account, you probably do not have a retainer for a c7 bankruptcy, but you might think about c13 bankruptcy where you can pay fee for retainer in plan.
Answered on Jul 14th, 2013 at 8:24 PM
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
2 Awards
You are entitled to a $4,000 "wildcard" exemption applicable to the bank account, which you need to file a motion with the court to claim. Whether you should settle or file bankruptcy depends on an analysis of your overall financial situation.
Answered on Jul 14th, 2013 at 8:24 PM