Expert: Terry Leeders - 11/5/2008

Question
I have a judgement against me for a repossessed vehicle which I have been paying on for 2 years already.  If I file bankruptcy will I be able to include this judgement?

Answer
Yes, you can include a judgment against you for a repossessed vehicle in a bankruptcy case.  If you own real estate, be sure to tell your attorney, as they may have to bring a motion during your case to remove a judgment lien.  Otherwise, if you don't have a home, the creditor can freeze your bank account to get the funds or else garnish your wages until the case is filed with the Bankruptcy court.