What is the maximum amount of judgements you've received? How much money were you in debt?

Question

Have any of you went through major life changes which you financial debt, to the point where it was overwhelming? If so, what is the MAXIMUM amount of judgements that have been brought against you at one time, before you filed bankruptcy? 2? 3? 10? ect? How many times have you filed bankruptcy? Also, what is the maxium amount you were ever in debt at one point? $5000, $10,000, $20,000, or more? Creditors don't care if you had medical problems, or were in a coma for weeks. They just want their money. Thanks

Answer 1

Daman you went way in left field on that one. It didn't sound like this person was looking for sympathy from creditors. It did sound like they were asking questions of others who are also having financial difficulty. Are you a bill collector?

I personally think if someone has had medical or other valid reasons beyond their control which prevented payment of debt, some type of law should be implemented which seperates them from individuals who just don't pay their bills. This way, creditors will be more willing to work with people who have had hardships.

That makes it more likely they'll get paid rather than intimidating people who have fallen on hard times to file bankruptcy. The debtor pays nothing after filing, and the creditor gets nothing. Capitalism or not, things happen in life. I've seen more understanding for Billion dollar companies who are forced into bankruptcy, than I have for hardworking people who become medically ill or disabled which says much for our society. People make the laws, and can help change them rather than just accepting that's how things will be. Just my opinion. We're all entitled to them.

Answer 2

Please note, bankruptcies filed after October 2005 will NOT wipe out tax liens or tax judgments!

In fact, you must show the last 3 years of tax returns (federal, state, and local, if applicable) as part of your bankruptcy filing before the case is adjudicated.

And yes, creditors want their money. Why do you sound so surprised? This American economy was built on capitalism and capitalism is built on transactions and transactions are denominated in currency (money!).

If you need a friend or a confidante, the very last place you should be looking for one is in a creditor!

Nobody can pay a bill with empathy, sympathy, or compassion.

Answer 3

Pay them nothing. Don't ever worry about a billion dollar company getting their money.Take care of you health first. Credit card companies almost never take you to court because the credit was given without collateral.They then sell your account for pennies on the dollar example they will sell a 5000.00 debt for 50.00 this will happen within 12 months. Wait for all your medical bills to come in then wait seven months, then Call a lawyer and bring all your bills in and all other debts and ask him if you can file for bankruptcy.The first visit is usually free. Good luck