No, judgments awarded due to personal injury or property damage are not dischargeable under bankruptcy law.
Filing for bankruptcy will have no effect on any judgement that has been applied against your dirvers license.
Yes, bankruptcy will discharge a court ordered judgment but it can be hard to qualify.
It depends on the judgment. If it is a Motor Vehicle Judgment it is not a secured claim which makes sense since they went after your license and not your assets. Sometimes these Motor Vehicle Judgments show up on your credit report and the only way to get it off is to settle the judgment or file bankruptcy. If it is not a Motor Vehicle Judgment it is most likely a secured claim.
Contact the party that issued the insurance policy for this answer.
Yes. According to IC 9-25-6-4. The Court just has to submit paperwork to the BMV saying that you have a judgment and they have no choice but to suspend your license.
Yes, you can settle, make payments, file bankruptcy or move to a state that the DMV does not recognize the judgment. Many states are creating legislation to block their states from a national DMV. Bankruptcy is not good for the judgment holder since they would see nothing as far as money, so settling is in your favor. Also bankruptcy will muck up your credit for years.
Not necessarily, as long as you pay for the damages to the other vehicle and fines related to the accident. However, if you don't pay , the other driver has the right to take you to court and obtain a Judgment against you and enforce it. Such Judgment is under the guidelines of Non Payment of Judgment and then the DMV will suspend your license nationwide and will not reinstate it until all damages are paid in full.
Judgments in Indiana are good for 20 years and they have to renew it every 5 years. Have you considered bankruptcy?
if you are asking this queston, you should noy have a license That is a very stupid response. Many general contractors - especially in Florida have had to declare personal bankruptcy due to economic conditions beyond their control. If you file personally it cannot legally affect the renewal or continued current status of your license. Hope this helps.
How much is the judgment? Your best bet may be bankruptcy!
The general rule is that you must reside in the federal judicial district for 180 days before you can file bankruptcy there.
The drivers license can be revoked for speeding, reckless driving, when one leaves the scene of an accident with injuries and when one drives under the influence of alcohol or prohibited substances. Other causes for revoking one's drivers license are refusal of alcohol test, refusal to pay a traffic fee or refusal to declare an accident.