Can I Still File for Bankruptcy After Being Served with a Lawsuit or After a Judgment?

Posted on : August 30, 2017
can you file for bankruptcy after a lawsuit

Many different financial considerations need to play into whether or not you ultimately file for bankruptcy. A careful consultation with a knowledgeable bankruptcy attorney is one of the most important things you can do to protect yourself if you find yourself in this situation. After receiving a judgment or being sued by a creditor, you will most likely want to know whether or not you can still file for bankruptcy.

It is never too late to file for bankruptcy but sadly, far too many people wait until the last minute to consider filing for bankruptcy as an official option. They may fail to act without getting all of the necessary information but the longer that you wait to file for bankruptcy, the fewer options you have and the more challenges arise. Filing for bankruptcy sooner rather than later allows you to minimize the problems as well as the costs as well as maximize the benefits of filing for bankruptcy. Ensure that you are eligible to file under one of the relevant bankruptcy chapters in order to protect yourself. One way to do this is to consult with an experienced attorney who can tell you more about whether or not chapter 7 or chapter 13 is more appropriate based on your personal situation. Knowing all of the factors involved in filing for bankruptcy and having an attorney who is dedicated to protecting your rights from the outset of your case can arm you with the information necessary to respond promptly if a creditor has recently filed a lawsuit against you or has obtained a judgment against you. The automatic stay provisions of your case can be extremely important for giving you the information necessary to move forward. With a lot on the line for your financial future, particularly after a lawsuit has been filed or after a judgment has been entered against you, you must be willing to take action quickly in order to protect your rights. You simply cannot afford to hesitate. Find a bankruptcy attorney who has years of experience in the field to give you the peace of mind necessary.

Knowing all of the factors involved in filing for bankruptcy and having an attorney who is dedicated to protecting your rights from the outset of your case can arm you with the information necessary to respond promptly if a creditor has recently filed a lawsuit against you or has obtained a judgment against you. The automatic stay provisions of your case can be extremely important for giving you the information necessary to move forward. With a lot on the line for your financial future, particularly after a lawsuit has been filed or after a judgment has been entered against you, you must be willing to take action quickly in order to protect your rights. You simply cannot afford to hesitate. Find a bankruptcy attorney who has years of experience in the field to give you the peace of mind necessary.

 

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