Arizona Bankruptcy Lawyers Protecting the Rights of Debtors
If a judgment has been issued against you with regard to a debt you are not able to pay, it can create a number of complications if you want to include the debt in a bankruptcy or sell an asset in the future. If you are facing financial hardship and need help getting relief from your debt load, any judgments against you will need to be addressed during the process.
At the Law Offices of Farnsworth Mortensen, PLLC, we help clients with discharging bankruptcy debt through Chapter 7 and Chapter 13 filings. Our attorneys have extensive experience in all aspects of bankruptcy including discharging judgments that can jeopardize your case. We have a complete understanding of the law in these matters, and we know what it takes to reach a positive outcome for you.
Understanding Judgments and Judgment Liens
Even if a judgment has been entered in a civil case, it is still likely that it can be discharged in bankruptcy. If the creditor records a judgment lien based on that judgment, however, all of your assets in the county where the lien was filed are subject to that lien, and the creditor could require that the judgment to be paid before you can sell or transfer any of those assets.
In bankruptcy, we can file a motion to avoid a judgment lien, but it slows down the process and adds considerable costs. Your best bet is to speak with an attorney as soon as you have been served with a lawsuit. We have many more options to pursue before the lawsuit becomes a judgment.
Don't Get Blindsided By Judgments
Before you file for bankruptcy or attempt to sell an asset, it is important to verify whether there are any liens that have been recorded against you. Check with the county recorder's office in any county you lived in over the past 10 years.
With offices in Phoenix, Mesa and Tucson, our firm represents clients across the state. Contact us today to schedule a free initial consultation and learn more about how we can help you.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
