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    redcase's Avatar
    redcase Posts: 3, Reputation: 1
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    #1

    Apr 16, 2009, 09:38 AM
    Threat of judgement
    Due to extenuating circumstances (accident, loss of work), I have become extremely overextended in credit card debt. I signed up with a debt conslodation company in 9/08 but they only took the debts that hadn't yet been turned over to attorneys. I just received a notice of hearing from an atty. Representing a credit card company. My debt to that company is in excess of $11,000.
    Should I file bankruptcy? I am a Realtor and the market is extremely slow in my area so I have no steady, consistent income, therefore I have been reluctant to commit to set amount monthly payments. I am a divorced 50 year old woman & clearly, have no handle on what to do. Any advise would be greatly appreciated.
    redcase's Avatar
    redcase Posts: 3, Reputation: 1
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    #2

    Apr 16, 2009, 03:08 PM
    Does bankruptcy wipe out a judgement
    If I file for bankruptcy after a judgement is filed against me will the judgement be wiped out?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Apr 16, 2009, 04:37 PM

    So many "ifs" what type of property do you own, houses, rental property? Do you own a lot of cars.

    Without a complete review of all of your property and debts, it is hard to say
    redcase's Avatar
    redcase Posts: 3, Reputation: 1
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    #4

    Apr 16, 2009, 04:48 PM
    I own my home, along with my lender. I have one car, which I owe 4 more payments on. Thanks...
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