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Bankruptcy Information SheetUSTDepartment of Justice

Bankruptcy Information SheetUSTDepartment of Justice

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hi welcome back to finally revealed in this episode I want to branch off on a viewer comment about bankruptcy and the question was whether or not someone who has a judgment against a person who then the person who the judgment is against then files bankruptcy does that mean the judgment is never paid legal questions unfortunately are it depends just because a bankruptcy case is filed does not automatically extinguish the debt the fact of the filing only starts the process and voluntary cases filed an automatic stay is put into place and that means any actions against that debtor on the debts that are listed in the bankruptcy case cannot go forward however they can go forward when the stay is lifted even while the case is going on or when the stay is terminated when a bankruptcy case is dismissed before it's completed the automatic stay terminates when a creditor asks for a stay to be lifted or for relief from the stay so that it the stay in not pursuing the property if it&#

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