Question:

Personal Bankruptcy / Will it wipe out a Court judgement ? AND IF you are a director of a corporation, can you

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I now have a personal court judgement against me and i am a director of a corporation, can i still go bankrupt?

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  1. The judgment will stay with you - your other debts will go.

    You may be required to liquidate some of your assets - including your home.


  2. It depends on whether it's a chapter 7 bankruptcy of chapter 13 bankruptcy. Chapter 13 reorganizes your debts and sets a new payment plan in place so they are more manageable. A chapter 7 may wipe out most existing debts with some exceptions:

          Alimony and child support

          Back taxes and student loans

          Recently made purchases for substantial amounts

          Property executed contracts involving titles or liens

    Your really don't give enough info on your situation, but you can reference the following sources to get a better idea.

  3. Personal bankruptcy won't wipe out d**k all

    You still have all your obligations  

  4. can you WHAT?

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