Will Bankruptcy Wipe Out A Judgment?

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Will Bankruptcy Wipe Out A Judgment?

njrealestategirl Rep Points: 110

Posted on March 23, 2009 at 8:03 am

If someone files Chapter 7 bankruptcy and they have a judgment against them prior to filing, does that creditor's judgment get wiped out once the bankruptcy is discharged or does the judgment still stand for the next 25 years (at least in NJ a Superior Court Judgment filed in Trenton is for 25 years)?

marmis Rep Points: 1,825

Posted on March 23, 2009 at 8:37 am

Bankruptcy will usually stop all collection activites and judgements.