Re: JUST HOW BAD is a judgment against me? Anyone here experienced one?
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Posted by observer
(205.188.209.144) on February 29, 2004 at 08:33:37:
In Reply to: JUST HOW BAD is a judgment against me? Anyone here experienced one? posted by Moby on February 29, 2004 at 04:07:59:
Both are bad. An unpaid judgment sits around accuring interest. If stste law allows, wages can be garnished, bank accounts empteied, etc. BK will end the misery and in a couple of years, your credit will begin to recover. The only way a judgment might be preferable to bk is if you live in a state that has a short time span that a judgment can exist. Anything less than 10 years.
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