Legal Question in Bankruptcy in Virginia

bankruptcy on law suits

can you take bankruptcy on a lawsuit?


Asked on 8/31/00, 9:50 am

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: bankruptcy on law suits

You can't "take bankruptcy on" a lawsuit, but you can file bankruptcy and stop most kinds of lawsuits and discharge any underlying obligation to the plaintiff. You must, however, include all assets and all liabilities. See an experienced bankruptcy lawyer for details.

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Answered on 10/03/00, 10:42 am


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