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Can a credit card company or a bank that you owe car loan from
file judgment on you? and long would they wait to do that I've not
pay it either one in 3months. If they do file judgment on me, can I still
file bankruptcy? I lost my job? :cry:
Yes, a credit card company or an auto loan company can sue you to the court and bring judgment against you if you default on your payments which may either lead to garnishment of your bank account or your wage. However, there are 4 states where wage cannot be garnished. They are N and S Carolina, Texas and Pennsylvania. However, social security benefit can never be garnished to recover credit card debt or car loan debt.
Yes, even after you receive a judgment, you can file bankruptcy. As soon as you file bankruptcy, all existing garnishment and foreclosures cease to operate till the time the bankruptcy is either dismissed or discharged.
Now, you can file bankruptcy under Chapter 13, only if you do not have a discharged bankruptcy within the last 6 years and a Chapter 7 bankruptcy if you do not have a discharged bankruptcy within the last 8 years.