One can usually discharge default judgments in bankruptcy but, if at all possible, they should be avoided. Before allowing a default judgment to happen, talk to your attorney about the consequences this might have on you. So, what is a default judgment? A default judgment is a judgment that a judge can give a creditor when the debtor fails to appear and participate in the lawsuit against them. Entering an appearance in a lawsuit may prevent the default judgment from happening and also may postpone a judgment being entered against you. Why is this important? More time can help you properly prepare for filing your bankruptcy petition, if your situation warrants it. Additionally, a default judgment should be avoided because it could create some unwanted results if not properly handled. Creditors could garnish your wages, levy your bank accounts and place liens on your property. Sure, some of these consequences can be settled in a bankruptcy, but usually at the cost of the debtor’s time, money and efforts.
If you or anyone you know would like more information regarding Bankruptcy please contact me for a free consultation at :
The Law Offices of Anca Iacob
7075 W. Bell Road, Suite 15
Glendale, AZ 85308
(623)266-0060
Please also take the time to visit my website at www.iacoblaw.com for more helpful information regarding Bankruptcy.
Also feel free to "like" my page on Facebook and become a "follower" on my twitter page to support my business. Both can be found under The Law Offices of Anca D. Iacob, PLLC.
*The Information provided for this blog and on my website does not constitute legal advice and should not be considered as such. For information regarding your particular situation please contact an attorney.*
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