Thursday, May 10, 2012

MARYLAND CAR ACCIDENT LAWYER She said I'll declare bankruptcy?

Bankruptcy law is outside the scope of this blog. But, as seasoned Maryland car accident lawyers know, the collectability of a judgment is an important factor in assessing the ultimate value of a claim. If the judgment was rendered in a claim for an intentional tort, or for a Baltimore auto accident where the defendant was drunk, they cannot be discharged in bankruptcy.  If the judgment was in a more typical "garden variety" case, then the judgment may be dischargeable, and the creditor must generally take affirmative steps to protect or "exempt" their judgment from discharge on various statutory grounds.

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