what is a judgement in a bankruptcy case?

Expert Solution

The majority of lawsuit judgments against bankruptcy debtors involve unpaid debts. If you don’t pay your credit cards, medical bills, or other personal loans, the lender or creditor can bring a breach of contract lawsuit against you. If your lender obtains a judgment, it can garnish your wages or go after your personal assets to satisfy the outstanding judgment.

Fortunately, filing for bankruptcy can stop the garnishment and wipe out your obligation to pay back discharged debts. If a lawsuit is still pending, the bankruptcy’s automatic stay will stop it from moving forward. However, even if the lawsuit has already resulted in a judgment against you, your discharge will still eliminate your liability in most cases.

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keosha answered 2 years ago

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