I recieved a summons for court for non payment of a loan. I am in the process of filing bankruptcy in a few weeks. My court date is in 3 days. If i do not show up, how long will it take for a judgement to take effect? and will the judgement be dismissed once i file the bankruptcy?
we will be filing in about 3 weeks. Just wondering how quickly judgements take effect or if i have a window of 30 days after recieving a judgement to do something.
Subject: Court Summons
Fri Jan 22, 2010 9:27 am
I will advise you to show up in the court and let them know that you are filing for bankruptcy. And as for your question, that will the judgment get dismissed after you file the bankruptcy, I should say that it depends on the state where you live in. Check that for your own knowledge.
However filing bankruptcy can adversely affect your ability to obtain future credits.
Subject: Dismissal of court summons
Fri Jan 22, 2010 11:24 am
I will advise you to show up in the court and let them know that you are filing for bankruptcy.
Whether or not the judgment will get dismissed depends on some criteria. Firstly, it depends on the chapter you have filed for bankruptcy; chapter 7 or 13. The dismissal also depends on the state you are living in and the SOL of that state. The SOL is different for different states.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.