Torrance Lawsuits & Judgments Lawyer
Facing lawsuits or judgments can be overwhelming, but you have options. Bankruptcy may provide relief by eliminating certain unsecured debts, including some court judgments. However, the process is complex, and not all judgments qualify for discharge.
At Wadhwani & Shanfeld, our experienced Torrance lawsuits and judgments lawyer can evaluate your unique situation. We will guide you through the complex bankruptcy code, ensuring you understand your rights and the potential outcomes. Don’t struggle alone. Let our knowledgeable attorney advocate for your best interests and explore the possibilities for resolving your legal and financial burdens.
Circumstances You Can Discharge Judgments
Chapter 7 bankruptcy offers a powerful solution for eliminating various types of court judgments. However, it is crucial to understand that not all judgments are eligible for discharge, as the bankruptcy code has specific guidelines.
Generally, if the underlying debt that led to the judgment is dischargeable, the judgment itself can also be eliminated through bankruptcy. For instance, if you have a judgment against you for unpaid credit card bills, medical expenses, or personal loans, these types of debts are typically dischargeable. Therefore, the associated judgments would also qualify for discharge.
However, there are exceptions. The bankruptcy code identifies certain debts as non-dischargeable, meaning any judgments related to these debts cannot be eliminated through bankruptcy. Some common examples of non-dischargeable debts include:
- Unpaid alimony or child support
- Most student loan debt
- Certain types of tax debt
- Debts resulting from embezzlement or fraud
- Debts arising from injuries caused by driving under the influence
If a judgment stems from one of these non-dischargeable debts, it cannot be discharged through bankruptcy. For example, if someone successfully sued you for damages caused by a drunk driving accident, that judgment would not be eligible for discharge.
It is essential to consult with an experienced Torrance lawsuits and judgments lawyer to evaluate your specific circumstances. The laws surrounding dischargeable judgments can be complex, and a knowledgeable attorney in Torrance can guide you through the process, ensuring you understand your options and potential outcomes.
Some Judgment Liens are Exempted
While many judgments can be discharged through bankruptcy, there’s an important caveat – if the judgment creditor has obtained a lien on your property, that debt may not be eligible for elimination. In California, someone with a court judgment against you can secure a lien on your real estate or personal property, ensuring payment.
For example, if a neighbor sues you for an unpaid $5,500 loan and wins, they can file a lien for that amount on your car or other assets. This lien typically survives bankruptcy because it transforms the debt from unsecured to secured.
It is crucial to discuss any existing judgment liens with your Torrance lawsuits and judgments lawyer. Failing to address these liens properly during bankruptcy could jeopardize your fresh start. Depending on the circumstances, it may be possible to avoid certain liens, but professional guidance is essential.
Talk To Our Experienced Lawsuit and Judgment Attorneys
Navigating lawsuits and judgments can be challenging, but you don’t have to face it alone. Contact Wadhwani & Shanfeld today to discuss your options with our experienced Torrance lawsuits and judgments lawyer. We’re here to advocate for your best interests.
