Legal Question in Bankruptcy in Maryland

Judgements and Bankruptcy

My husband has a judgment against him for over $13,000 through a local finance company. Originally he borrowed to purchase his car and pay off credit cards, and it was a secured loan with them having a lien on the car. Now, after not being able to make payments, they have taken him to court and gotten a judgment against him for the amount due and lawyer fees. Today they froze our bank account. Is he able to file bankruptcy on this judgment? There are other debts that he needs to file for, but this is the main one that needs wiped out. I appreciate any and all help that I can get in this matter. We have decided to start putting things in my name, and that may help for a while, but we are worried that they are going to start garnishing his wages and worse yet, take our tax returns next year. This is the worst thing that could possible happen with 4 children and only a one parent income. Thanks in advance for any help that can be given.


Asked on 11/30/07, 6:49 pm

2 Answers from Attorneys
Daniel Press Chung & Press, P.C.

Re: Judgements and Bankruptcy

Don't transfer assets!! That could result in an inability to get a bankruptcy discharge. You need to consult with a bankruptcy lawyer immediately. Apart from any fraudulent transfer issues, there should be no reason he can't discharge this debt and stop the garnishments. We have an office in Cumberland as well as in the DC area, and would be glad to discuss the details of your situation and advise you if bankruptcy will work for you.

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Answered on 11/30/07, 7:08 pm
Brett Weiss Brett Weiss

Re: Judgements and Bankruptcy

Yes, a bankruptcy should be able to take care of this judgment. You may want to take a look at my website; it has a lot of information that may answer many of your questions: www.BankruptcyLawMaryland.com

Brett

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Answered on 11/30/07, 11:34 pm


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