debtor

Exemptions Explained

18 October 2010 No Comments

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 [...]

The Anatomy of a Judgment

6 January 2010 No Comments

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, [...]

Copyright © 2012 BKAssets.