Bankruptcy and judgements

A major creditor has filed suit against me in Divisional court. I intend to dispute the money owed. If I`am forced to declare bankruptcy prior to judgement what is the status of that claim? Is it included in the bankruptcy as a provable claim or is the judgement considered a post-bankruptcy debt?

One Response to “Bankruptcy and judgements”

Barton Goth GCO Bankruptcy Trustees said...

As long as you haven’t been involved in fraud, misrepresentation or misappropration in connection with this judgement or one of the other categories of debts not realeased by a bankruptcy, it is a proveable claim and as long as the money were owing prior to the bankruptcy you will likely be cleared from these debts.

To confirm this you are best to contact a local trustee and they will be able to look at the specific nature of the claim and confirm how it will be treated.