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When to claim chapter 13 bankruptcy.

Asked over 2 years ago - Jersey City, NJ
Bankruptcy Chapter 13 Bankruptcy

I would like to know if it is possible to file for chapter 13 bankruptcy after losing a lawsuit that requires paying delinquent bills, or do I have to file before going to trial? Thank you.

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Answered over 2 years ago. Chapter 13 Bankruptcy Attorney in Woodbury, NY.
You can file for Chapter 13 bankruptcy at any time. Just because a creditor may have obtained a judgment against you does not make any difference, other than how you classify the debt in the petition.

For more information about various aspects involved with filing for bankruptcy, please see the various posts in my bankruptcy blog by clicking the blue link below:
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Bankruptcy Blog containing lots of info about filing bankruptcy
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