I am curious in regards to a situation where my friend has a judgement against a certain individual for the past 2 years for $50k, but has been unable to seek collection. Now, this certain individual just received a judgement award against my friend for $30K. Is it possible for the courts to consolidate these 2 judgement claims bringing the debt to my friend to $20k?
Also, what would happen if this certain individual files for bankruptcy? Would my friend's $50k credit be thrown out and be in debt of the $30K judgement that was awarded against him?
Thanks in advance!!!
Depending on your overall financial situation, Bankruptcy may be right for you. An experienced MN
Bankruptcy attorney will be able to determine which type of Bankruptcy is the correct one for you. Use AVVO's Find a Lawyer tool to select a qualified attorney. Good luck. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.
If you found this Answer helpful, please mark it as "Best Answer" Please be advised that the answer above is only general in nature cannot be construed as legal advice, given that not enough facts are known. It is your responsibility to retain a lawyer to analyze the facts specific to your particular situation in order to give you specific advice. Specific answers will require cognizance of all pertinent facts about your case. Any answers offered on Avvo are of a general nature only, and are not meant to create an attorney-client relationship.
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