Legal Question in Credit and Debt Law in Pennsylvania

What do you mean?

Junk debt buyers can and do go bankrupt. However, it does not mean that you no longer owe the judgment. The judgment is an asset of the bankrupt junk debt buyer and it will be sold to another junk debt buyer if a chapter 7 bankruptcy was filed. If the bankrupt junk debt buyer is filing a chapter 11, then it means that they still own the debt and are staying in business. Either way, you still owe the judgment.

If the judgment is assigned/sold to a new junk debt buyer, that junk debt buyer will be contacting you at some time in the future.

You need to think about how you ultimately are going to resolve the judgment - either by way of paying/settling or by filing bankruptcy yourself. However, this will depend on your own assets/income/debts. If you are someone who may be needing credit in the future then I would be using the time wisely to start saving up so that if and when another junk debt buyer turns up, you will have the funds to get the judgment satisfied.