Myth: A debtor exemption makes purchasing a bankruptcy asset more complicated or impossible. Every person that files for bankruptcy or has a judgment awarded against them in a lawsuit is entitled to certain property exemptions, or the value of the property the debtor may retain. Exemptions are determined by the state law where the person [...]
Item Id: Kurland01 Case Name: Kurland, David Case Number: 05-14215 Trustee: Hoffman Minimum Bid: $999 Description: Estate’s Interest in a Default Judgment entered in favor of the Plaintiff, David E. Kurland, and against the Defendant, Kevin Ng, MD,in the amount of $18,875.00 plus costs of the suit and interest on the judgment. Adversary No. 07-1078. [...]
If you’ve ever wondered what happens to a bill that goes to collections, they usually end up in a judgment. A judgment is the official decision of a court at the completion of a lawsuit. If a creditor, lender, debt collector, attorney, or some other party files a lawsuit and wins, a judgment is made, [...]
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