Facing a civil judgment can feel like a financial dead end—but there may be lawful strategies to reduce or even eliminate what you owe. You might be wondering, How can I avoid paying a civil judgment without breaking the law?
You can avoid paying a civil judgment legally by negotiating a settlement, asserting exemption rights, appealing the judgment, or discharging it through bankruptcy. Asset protection strategies may also shield certain property from collection.
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Top FAQs to Bankruptcy Lawyers About Outstanding Judgments
What are the benefits of filing for Chapter 7 bankruptcy?
Filing for Chapter 7 bankruptcy allows you to discharge most unsecured debts, such as medical bills, credit card debt, and personal loans, effectively providing a fresh financial start. This process can also stop wage garnishments, alleviate the burden of overwhelming debt, and offer a pathway to rebuilding your credit sooner.
What are the benefits of filing for Chapter 13 bankruptcy?
Filing for Chapter 13 bankruptcy enables debtors to reorganize their debts into a manageable repayment plan, paying them off over three to five years. This method can prevent home foreclosure, allow for the restructuring of car loans, and may enable you to pay back taxes over time without penalties or interest.
Can filing for bankruptcy stop creditor harassment?
Yes, filing for bankruptcy invokes an automatic stay which immediately stops most collection efforts, harassment, and creditor lawsuits. This means creditors cannot contact you directly and must cease all collection activities while the stay is in effect, ensuring compliance with credit reporting practices.
What kind of debts cannot be discharged through bankruptcy?
Certain types of debts are non-dischargeable in bankruptcy, including most student loans, recent tax debts, alimony, child support, and debts arising from fraud.
How can I contact Kostopoulos Bankruptcy Law?
You can reach Kostopoulos Bankruptcy Law by phone at (877) 586-1829 or by visiting their website to submit your details through their online contact form. They offer a free initial consultation to discuss your financial situation and legal options.
What is the down payment for initiating a payment plan with Kostopoulos Bankruptcy Law?
You can start a payment plan with Kostopoulos Bankruptcy Law with a down payment as low as $100. The firm understands financial constraints and strives to make their services accessible to those in need.
How many clients has Kostopoulos Bankruptcy Law helped?
Kostopoulos Bankruptcy Law has successfully assisted over 10,000 clients nationwide, showcasing their extensive experience and commitment to providing effective legal solutions.
What should I expect during the initial consultation with Kostopoulos Bankruptcy Law?
During the initial consultation, you can expect a comprehensive evaluation of your financial situation. An experienced attorney will review your debts, assets, and income to advise you on the most beneficial course of action, whether it's bankruptcy or an alternative debt relief option.