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  1. #1
    Join Date
    Apr 2008
    Location
    Las Vegas, NV
    Posts
    66

    Default Re: Can I File For Bankruptcy If I Am Suing Someone?

    I know that when I went to file BK about 10 years ago, I had a pending suit for a car accident and was told by my attorney that if I received a settlement, the creditors would have a claim to it...

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Can I File For Bankruptcy If I Am Suing Someone?

    That's true. The lawsuit is an asset of your estate in bankruptcy.

  3. #3

    Default Re: Can I File For Bankruptcy If I Am Suing Someone?

    Thank-you for the info.
    Then filing for bankruptcy really isn't an option if I do get a settlement.
    An additional question is, I have been served a summons to appear from a creditor. I am completely unable to make pymts or restitution at all. Should I still go ahead and file for bankruptcy to avoid this lawsuit? I know another creditor will be filing suit soon as well.
    My lawsuit may not settle for a long time. If there is a sufficient amount of money recovered in the lawsuit, how is it known to the creditors who are suing me.
    Should I go ahead and file anyway? Is it worth it?

  4. #4

    Default Re: Can I File For Bankruptcy If I Am Suing Someone?

    Quote Quoting diannamichaelson
    View Post
    I know that when I went to file BK about 10 years ago, I had a pending suit for a car accident and was told by my attorney that if I received a settlement, the creditors would have a claim to it...

    Did you receive a settlement?
    If so, how was it handled?
    Thank-you!

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