Addressing A Default Judgment Through Bankruptcy
- October 15, 2023
- Thomas Adam
- Bankruptcy
If you are in debt, creditors can take legal action against you to recover what you owe. If they file a lawsuit and obtain a judgment against you, they can then take action to enforce that judgment and seize any non-exempt property. In this capacity, if you fail to respond to the lawsuit(s) filed against you by the creditor(s), the court can enter into a default judgment or a money judgment for the amount owed plus other costs, and this can absolutely affect your credit score. If this occurs,[...]