2007-02-03 15:36:04 · 6 answers · asked by rosesbloom7 2 in Business & Finance ➔ Credit
can you file bankruptcy to gain relief from judgements or garnishment in California for debts
2007-02-03 15:58:06 · update #1
my relative wants to know if you can you file bankruptcy to gain relief from judgements or garnishment in California for debts
2007-02-03 15:59:15 · update #2
my relative wants to know if you can you file bankruptcy to gain relief from judgements or garnishment in California for debts
2007-02-03 16:00:22 · update #3
Douglas's answer is yet another example of people who won't spend 2 minutes researching their answers! Wrong!!!!
The main benefit of filing bankruptcy is to place a "stay" of judgments and collections. Only a few types of debts, like student loans, taxes, and child support, can be excused by bankruptcy.
Once you file a bankruptcy, all judgments and garnishments must cease. Whether they collect any money depends on the type of bankruptcy you file, and your assets.
You need to discuss this with a bankruptcy attorney. Many will give you a free consultation to explain all of this.
2007-02-04 03:07:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No, a bankruptcy filing does not absolve all debts. A garnishment is a legal judgement for redress of a legitimate debt which can not be expunged by bankruptcy. The debt will simply have to be paid.
2007-02-03 17:01:03 · answer #2 · answered by douglas l 5 · 0⤊ 0⤋
From my little experience, laws vary per state. Depending on your allowable assets to keep, maybe the value is not worth the amount of the judgement and that particular party would take a large loss trying to collect it. Some judgements have a time limit on them and some have to be renewed occasionally. If it is run out of time or the party forgets to renew, you get lucky. I would either try to get free lega assistance or a lot of law firms will give a free evaluation on your bankruptcy. Sorry, no experience on garnishments, but I heard on the street, you'll owe.
2007-02-03 15:54:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
depends on what the judgement is from
school loans or taxes or child support?
nope those are exempt from bankruptcy and wage garnishments
as for garnishment you have to seek relief as it called and prove to the court that the garnishment makes undue hardship
they will examine you ability to pay , ect and adjust or elimnate accordingly
2007-02-03 16:32:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No Rose for one thing its against the law,,judgements stay with you on your record for 7 years,and garnishments take money from your paycheck wheather you want it to or not your just into a rock and hard spot,,
2007-02-03 16:07:30 · answer #5 · answered by yachtguy2 2 · 0⤊ 0⤋
Sorry Rose, you're going to pay that debt. (sooner or later)
2007-02-03 15:39:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋