Lawsuits, Judgments, Liens And Bankruptcy
Every bankruptcy proceeding is unique, and a number of issues may need to be addressed in a given proceeding, including lawsuits, judgments and liens. It is important that you have representation from a qualified Connecticut bankruptcy attorney who knows the law and has the ability to protect your interests.
At Advanced Bankruptcy Legal Services of Connecticut, our attorneys represent clients in all aspects of consumer bankruptcy. We focus our entire practice on bankruptcy and related matters, and we are committed to pursuing every available option in an effort to help our clients obtain the fresh start they deserve.
Bankruptcy And Lawsuits
Lawsuits can have a significant impact on your bankruptcy proceeding, depending on the type of dispute involved and your position in it. If you are the target of a lawsuit by a creditor, the lawsuit will not be allowed to proceed once you file for bankruptcy. If you are pursuing legal action against another party, it will be allowed to continue during the bankruptcy.
However, you should be cautious if the suit involves a claim for a nonexempt asset. If you recover nonexempt property in the suit, it could be liquidated and used to repay your creditors if you file under Chapter 7.
Judgments In Bankruptcy
Creditors can obtain judgments against debtors in an effort to recover an unpaid debt. If the court enters a judgment against you, the judgment may be able to be discharged, depending on the underlying nature of the claim.
If there is legal action pending against you that could result in a judgment, it may be in your interest to file for bankruptcy before the judgment is entered.
Types Of Liens In Bankruptcy Cases
In general, there are three types of liens: consensual liens that you enter into voluntarily, statutory liens that are imposed by the law and judicial liens that are imposed by the court. These liens are treated differently in the context of a bankruptcy, and the associated debts may or may not be dischargeable based on the type of lien.
We conduct a thorough review of any liens that have a bearing on your bankruptcy filing and develop a solution that provides the most benefit for you.
Call To Schedule A Free Initial Consultation
Contact our office to discuss your questions about lawsuits, judgments and liens as they relate to your bankruptcy. We offer a free initial consultation to all new clients. We serve the state of Connecticut. Call our New Britain office at 860-674-8003 or our Bloomfield office at 860-242-0574 or email us to schedule a free consultation.