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What else can I help you with?
Can you bankrupt a judgment from a divorce settlement?
Bankruptcy and divorce is a complicated area of law. There are certain financial obligations in a divorce that cannot be discharged in bankruptcy and some that can. There are also steps you can take in drafting the divorce agreement that can address any future bankruptcy actions and protect your rights. There is a good discussion on this topic at the link below.
What is the practical consequences of a default judgment being entered against the defendant?
A default judgment occurs when a defendant fails to respond to a lawsuit, resulting in the court ruling in favor of the plaintiff. The practical consequences include the plaintiff being awarded the relief sought, which may include monetary damages or specific performance. The defendant loses the opportunity to contest the claims, and the judgment can be enforced through wage garnishment, property liens, or other collection methods. Additionally, a default judgment can negatively impact the defendant's credit and future legal proceedings.
How happens if defendant has no assets?
If the defendant has no assets, they may not be able to pay a monetary judgment against them. In such cases, the plaintiff may not be able to collect on the judgment unless the defendant's financial situation changes in the future.
What is future of CA?
Bankruptcy appears inevitable.
If I file bankruptcy can I add my mother's creditor with my bankruptcy?
Just because she is your mother, it does not mean that you are automatically liable for her debts. When you file for bankruptcy, you can include only those debts which you are liable either personally or as a co-signor or joint debts. If you are not a co-signor and you include your mother debt in your bankruptcy, you will be committing fraud and your petition will be dismissed. Once a bankruptcy petition is dismissed for fraud, there may be restrictions on future filings. Your mother will continue to be liable for the debt. If she is unable to pay the debt, she can file for bankruptcy to discharge the debt. For an official opinion, it is advised you seek legal counsel.
What are the keywords of Ezekiel?
The keywords of the Book of Ezekiel include "vision," "judgment," "restoration," "covenant," and "glory." Ezekiel emphasizes the themes of divine judgment against Israel for its unfaithfulness, the vision of God's glory, and the promise of future restoration and renewal for the nation. The prophet's vivid imagery and symbolic actions highlight the seriousness of sin and the hope of redemption through a renewed covenant with God.
Will it affect your car loan if you go bankruptcy?
Yes, filing for bankruptcy can affect your car loan. If you include the car loan in your bankruptcy filing, you may have to surrender the vehicle or negotiate a reaffirmation agreement to keep it. Additionally, bankruptcy can negatively impact your credit score, making it harder to obtain future loans. However, not including the car loan in bankruptcy may allow you to retain the vehicle, provided you continue making payments.
When a credit card company sues you for non-payment and you have no assets what can they actually sue for?
They can actually sue you to obtain a judgment against you. Under the state's law in which you are sued, judgments can have dire financial consequences which extend far into the future. These include wage garnishment, bank account seizure, damage to your credit and the possibility of the judgment being renewed. You may be "judgement proof" at this time, but a judgment that can be renewed indefinitely imperils you financially for the rest of your life.
How does bankruptcy affect individuals financially now and in the future?
If you are facing bankruptcy you likely have many questions in your mind. One of those is probably going to be how will this affect me financially. In the short term you will feel relief. However, as you work through the process and protection you will need to deal with the fact that your credit report will include the fact that you have filed for bankruptcy.
What does a judgment against you mean?
A judgment against you means that a court has ruled in favor of the plaintiff in a legal case, determining that you owe a debt or are liable for damages. This decision can lead to various consequences, such as wage garnishment, bank account levies, or liens against your property. Additionally, it can negatively impact your credit score and make it harder to secure loans or credit in the future.
What is a precedent?
A judgment passed by a court in favour or against in any given type of case which never happened can become a Precedent. a Precedent is a reference judgment or case. For example: Transfer of petition in favour of husband never happened until very recently in the case of Dipankar Ghosh Vs Moukhi Dutta. Now this judgment of the supreme court will serve as a precedent on future Transfer of petition filed by husband in future cases
Need a sample letter on why you filed for bankruptcy?
A sample letter explaining why you filed for bankruptcy should include a brief overview of your financial situation leading up to the decision, such as unexpected medical expenses or job loss. It should also mention any attempts made to resolve debts prior to filing for bankruptcy, such as credit counseling or debt consolidation. Lastly, express your understanding of the impact of bankruptcy and your commitment to rebuilding your financial stability in the future.
