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The judgment remains as a court record. The credit reporting agencies should report that it has been discharged in bankruptcy. If the bankruptcy remains on your credit report for more than 10 years, you can tell them to remove it.
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∙ 11y ago
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Do you have to file a motion to automatic stay after discharge?
no, the stay is created when you file BK and ends when the BK is discharged.
Can you file bankruptcy once a judgment is entered against you in the state of Pennsylvania?
Yes, but the judgment may not be discharged in BK without compensation.
What happens if you file chapter 13 and defaults on payments?
The trustee will file a motion to dismiss to get your BK case thrown out.
Does an insolvent person always have to file bankruptcy?
No, if the debtor is judgment proof (i.e. there are no assets/income for the creditor to take) then there would be no need to file a BK.
Can do bankruptcy after forcloseur?
You can always file BK, but if everyting has been done in the foreclosure process- then filing BK wont allow the property to ber "returned" to you. If you are worried about a deficiencu judgment after a foreclosure, then yes, a BK would eliminate that liability.
If you can not pay a judgment against you is it better to file a bankruptcy?
Hope you had a lawyer defending you against the judgment suit. You can use one now. Many, if not most judgments will not be discharged in BK.
How do you stop bankruptcy on judgment?
As a creditor you cannot stop bankruptcy proceedings on anything. You can, however, file an objection in BK Court to why the debt to you shouldn't be discharged.
Will bankruptcy get rid of a judgment?
Yes, but if the judment has been secured (meaning the creditor has put a lien on the property) then the lien survives the BK, unless there is a motion to avoid a lien.
How do you file bankrupt?
By filing a BK petition in your local BK court.
Can you refile for another bankruptcy after one has been discharged?
You can file BK 7 after 8 years from the previous BK7 7 (measured from time of filing, NOT discharge). You can file BK 13 6 years after filing BK 7. You can file a BK 13 2 years after filing a BK 13.
Will filing a bankruptcy remove a judgment on credit report?
Yes, if it is not a perfected lien against real property and the debt was discharged in the bankruptcy.
Can you file bankruptcy if your unemployed?
You can file chapter 7 bk. Unless you have another revenue source, you would not qualify for a chapter 13 bk because you need to have "regular income" for a 13 bk.
