Filing for bankruptcy in New York can help you deal with a lawsuit.
There are many variables, but in essence, if you are currently being sued and file for bankruptcy, the lawsuit stops.
If the lawsuit has been filed but you have not yet had to appear in court for hearings, filing bankruptcy means you won’t have to appear.
If you were sued and a judgment was levied against you, filing for bankruptcy will stop the collection on that judgment.
Both forms, Chapter 7 and Chapter 13, can be used to eliminate the debt from a lawsuit, but both have advantages and disadvantages.
The bankruptcy lawyers at Zelenitz, Shapiro & D’Agostino can help you understand the implications of filing for bankruptcy during a lawsuit or with a legal judgment against you.
Call us today at 718-599-1111.