Legal Question in Bankruptcy in Massachusetts

Re: Bankruptcy for a judgement against me

Unfortunately, judgments are good for 20 years and from what you described, the best way to rid yourselves of this financial burden is through a bankruptcy filing. Please call my office I would be happy to discuss this with you. You may want to consider acting sooner rather than later because anticipated changes in the bankruptcy code could make it more difficult to discharge debts.

Re: Bankruptcy for a judgement against me

Chances are, yes. But, whether you can file bankruptcy, and which chapter of relief you would be able to seek relief under is something only an attorney can tell you after looking at all of the facts of your situation. This includes: income, expenses, debt and assets. Get to a bankruptcy attorney before they start garnishing your wages.

Good luck!

Re: Bankruptcy for a judgement against me

Yes, you can file a bankruptcy case. HOWEVER, because bankruptcy is a "comprehensive" remedy for financial problems, you have to include all debts, not just a particular debt. Also, you must disclose all of your property interests. For that reason, it is best to review your debts and property interests (assets) with a lawyer so that you can protect as many of your assets as possible while still getting the financial relief you need. There are major changes in the bankruptcy laws taking effect in a few months, so if you think you want to file, call me or another experienced bankruptcy attorney soon! Best wishes, David Baker