Helping You Explore Bankruptcy After a Lawsuit
If you've lost a lawsuit, you may be wondering how you can afford to pay the judgment against you and what will happen if you don't pay. You may also be wondering whether you can discharge the judgment against you by filing bankruptcy.
Bankruptcy is a procedure designed to give people debt relief, which includes relief from most types of lawsuit judgments. At the Tucson law firm of Trezza & Associates, we help people understand their bankruptcy options and guide them through the filing process.
Contact us to schedule a free consultation with experienced bankruptcy lawyer Stephen Trezza.
Eliminating Judgments You Cannot Afford to Pay
Most types of lawsuit judgments can be discharged in bankruptcy. If you've been sued and now owe someone else money that you cannot afford to pay as a result of the lawsuit, you can eliminate that debt by filing bankruptcy. Common types of lawsuits include:
- Deficiency lawsuits on cars and second mortgages
- Credit card collection lawsuits
- Lawsuits for unpaid medical, legal and other bills
- Lawsuits for business and personal debts
- Some personal injury lawsuits
Certain types of judgments cannot be discharged in bankruptcy due to the decisions made by legislators. For instance, if you were sued by someone you injured in a drunk driving accident, you cannot eliminate that debt by filing bankruptcy.
Pursuing Your Bankruptcy Discharge Options
Filing bankruptcy is a valid option after you have lost a lawsuit. We can assess whether you are likely to be successful at discharging a judgment in bankruptcy, and we can help you decide whether Chapter 7 or Chapter 13 bankruptcy is right for you.
If you do not file bankruptcy, it is possible that the other party will attempt to collect on the judgment through garnishment of your wages and bank accounts.
To discuss your lawsuit judgment and the potential consequences of filing bankruptcy, contact us today to arrange a consultation with a knowledgeable Arizona attorney.
