if i amaying i am bankrupt for a court legal matter do i need to legally declare bankruptcy or is receiving ssi payments AND SAYING i have no assets in court enough.if i want the court to admit that i am bankrupt for my civil matter that is.
I think I just answered this question in a diffrent form. But, to clarify, you can use the term bankrupt to describe your financial situation, but if you were asked if you did file for bankruptcy you would have to say no. I believe you are better off sticking to the facts and stating your income, source of income, assets and debts and let the Court make its conclusion that you are broke, or as you may feel, bankrupt.
I am sorry to hear about your situation. If you did not file a bankruptcy petition you can not claim you did. However, if you're just saying you don't have any money, you can say that. However, just saying you don't have any money won't stop the litigation, whereas filing a bankruptcy petition will.
You should contact an attorney to discuss your questions as additional information would be helpful. We will be happy to speak with you if you call Monday — Thursday 1-5 pm.
Our firm has many years of experience in this field.
I wish you the best of luck.
Please remember that I do not normally monitor these questions after I have posted a reply.
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