QUESTION
Is it true that a judgment is removed once you pay the bill?
Asked on Nov 19th, 2012 on Bankruptcy - New Jersey
More details to this question:
Wal-Mart is suing me for $1372.00, I have a court date 12/12. I was unemployed for 2 years, just got back to work recently. I own my home, I am a single mother of 3. I was trying to settle out of court, but they keep telling me to sign a "agreement for judgment and for payment" and once I am done paying this is removed from my credit. I don’t trust this attorney’s office. They are offering me payments of $50.00 per month and maybe settle for tax time and I won’t have to go to court. I wish I qualified for bankruptcy and that this court date wasn’t so close.
3 ANSWERS
You should contact a bankruptcy attorney to see if you are qualified. Many offer free consultations. It is common practice to have a judgment with payment plans so they can enforce the judgment if you stop making payments. You will need to make sure they issue a satisfaction of judgment once you have made all payment.
Answered on Dec 02nd, 2012 at 3:20 PM
Bankruptcy Attorney serving Phoenix, AZ
at
Law Office of D. L. Drain, P.A.
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You are wise to be cautious about the collection attorney. Do not do or sign anything unless you are comfortable with the terms. As to bankruptcy - I am wondering why you feel you to not qualify. Thank about talking to a local bankruptcy attorney about your rights. Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.
Answered on Nov 21st, 2012 at 6:47 AM
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
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In NJ: Why do you think that you do not qualify for bankruptcy? You may qualify for a Chapter 7 or a Chapter 13. Get to a bankruptcy specialist, such as myself, immediately, and find out. Many of us do free consults and if time is an issue, a bare bones petition can be filed, and then you will have two weeks to get the balance filed.
Answered on Nov 21st, 2012 at 6:26 AM