CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Is Bankruptcy Still an Option after a Judgment?

Having a judgement filed against you is one of the most intimidating parts of dealing with debt.

For most people, a judgement comes from ongoing financial struggles or is related to an invalid debt. In the latter case, a judgement means you neglected to fight back against a debt collector pursing a debt you were not obligated to pay and now you’re on the hook for something you shouldn’t be.

On the other hand, if a judgement is related to a valid debt, it usually means your financial situation is dire. In addition to the debt with the judgement, you might have other burdens and be faced with a situation that seems bleak.

The good news is you still have options, even if there’s a judgement against you regarding a debt.

There’s no denying that a judgement means you’ll have fewer options for dealing with a debt. However, you still have the option of filing for bankruptcy which can make your financial situation much less stressful. Bankruptcy means you’ll be able to restructure or eliminate your debt, including the one with the judgement.

What You Need to Know about Debt, Judgements, and Bankruptcy

The same rules apply to debts with judgements that apply to other debts.

If a debt qualifies as dischargeable, you’ll likely not need to pay it. However, if you’re dealing with a judgement related to a debt that is non-dischargeable, bankruptcy won’t help you get rid of the debt.

What filing for bankruptcy can do is get your finances in order so there is money available to pay toward that debt.

To learn more about what debts are dischargeable and non-dischargeable, check this out.

I’ve Been Served with a Summons. What’s Next?

If you’ve received notice that a creditor has filed a lawsuit against you, you need to respond to the lawsuit. You’re only going to make your situation worse if you ignore the summons and hope it goes away.

It won’t.

Furthermore, not responding to the lawsuit means the court will grant an automatic judgement in favor of the creditor, even if the debt is invalid or has expired.

An attorney can help you respond to the summons and deal with the problem as efficiently as possible. Even if the debt is invalid or past its expiration date, it’s a good idea to have an experienced professional on your side ensuring your rights are protected.

If the judgement is in place and now you face wage garnishment and other aggressive collection efforts, we can still help. Bankruptcy might be your only option, but for many, it’s the best option and the first step to financial freedom.

To learn more about judgements or to speak to someone about your options regarding your financial struggles, contact the Law Offices of Robert M. Geller at 813.254.5696 for a free consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

10 Signs You Should File for Bankruptcy

When it comes to your finances, there may come a time when you feel like bankruptcy is the only way...
Read More

What Do You Need to Know Before Filing for Bankruptcy? A Chapter 7 Bankruptcy Attorney in Florida Can Help You During this Time

What happens during the time leading up to filing for Chapter 7 bankruptcy? A Chapter 7 bankruptcy attorney in Florida...
Read More

What Does It Mean to Declare Bankruptcy?

What does it mean to "declare" bankruptcy? Your bankruptcy law attorney will help you through the process. Declaring bankruptcy is...
Read More

Student Loan Forbearance Ends April 30th. Here’s What You Need to Know

The federal government extended forbearance of repayment of student loans during the COVID-19 crisis. This forbearance was due to end...
Read More

Is Better Money Management on Your List of Resolutions for 2022?

If you’re like most Americans, improving your financial situation is on your list of New Year’s resolutions for 2022. Whether...
Read More

3 Reasons to Send Your Bankruptcy Attorney in Tampa Florida a Christmas Card

Have you begun making your Christmas card list yet? Did you include your bankruptcy attorney in Tampa, Florida? It seems...
Read More

What Was the Biggest Money Management and Bankruptcy News of 2021?

Like most years, bankruptcy was a topic that arose in the news many times throughout 2021. Topics related to money...
Read More

3 Best Bankruptcy Tips of 2021

Learning how to manage your money is an ongoing process. Even the smartest money minds out there can always learn...
Read More

How to Prevent Bankruptcy from Ruining Your Holiday Season: Why a Spending Spree Before Bankruptcy Could Hurt You in the New Year

Should you go on a spending spree before bankruptcy to celebrate the holiday season? The answer might surprise you. The...
Read More

How to Avoid Holiday Overspending

The holidays are upon us and, as usual, many people are trying to keep their spending within a budget. As...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions