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Can I File Bankruptcy If Being Sued By A Person For A Unpaid Loan

by Carl
(New Jersey)

In NJ can I file bankruptcy if I am being sued for a unpaid loan? If so what happens?

Comments for
Can I File Bankruptcy If Being Sued By A Person For A Unpaid Loan

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Mar 21, 2011
 debt lawsuit and bankruptcy
by: DebtCollectionAnswers.com

Yes, Carl, in fact being sued for a debt is often the straw that breaks the camel's back, so to speak, and prompts consumers to consider bankruptcy. Depending on the timing and the details of your situation, you may be able to stop the lawsuit or discharge all or part of any judgment debt.

Carl, we would encourage you to go ahead and set up a a free consultation with a bankruptcy attorney to discuss your situation to find out whether filing bankruptcy can help you resolve the financial problems you are having.

Good luck - we hope you are able to turn things around.

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