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

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
Read More

Could There Be Changes on the Horizon for How Student Loan Debt is Handled in Bankruptcy?

If you’re wondering how to file for bankruptcy for student loan debt or you’re wondering if bankruptcy can help you...
Read More

Does Bankruptcy Clear Student Loan Debt?

Many people considering bankruptcy wonder “Does bankruptcy clear student loan debt?” Until recently, that answer was almost always “no.” But...
Read More

Will Student Loans Force You Into Bankruptcy? Here’s How a Student Loan Bankruptcy Attorney in Florida Can Help

If you’re struggling with student loan debt and not sure what comes next, a student loan bankruptcy attorney in Florida...
Read More

Have You Received a Letter from the IRS About a Tax Debt? Here’s What You Should Know Before Responding

Here's what you need to know if the IRS has contacted you about tax debt. Every year the IRS contacts...
Read More

Here’s How You Can Rebuild Your Credit

How do you repair this damage and rebuild your credit after filing for bankruptcy? Many people believe that filing for...
Read More

How Can You Practice Smart Credit Card Management after Bankruptcy?

How can you learn better credit card management after bankruptcy? Using credit after bankruptcy is an intimidating experience for many...
Read More

How Do You Improve Your Credit Score?

How do you improve your credit score? Here's what you need to know. Your credit score plays an important role...
Read More

Does Bankruptcy Credit Counseling Work?

Bankruptcy credit counseling helps you emerge from bankruptcy understanding credit management. People filing for bankruptcy must take two courses regarding...
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 RG Seal

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