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For a judgment owner, debtors going bankrupt is usually bad news for most creditors. If your judgment debtor recently filed for bankruptcy, however appears to really be wealthy, and/or has concealed certain assets; sometimes it can make sense to do some more discovery; in case there's some discoverable leads to possible recent and current documents of the debtor's complete income and assets. asset information may be of interest to the trustee. Chapter 7 bankruptcy is the example for my article. My articles are my opinions and are not, a legal opinion. I am a judgment expert, and not a lawyer. If you ever want legal advice or a strategy to use, please retain an attorney that knows the laws concerning bankruptcy. The 2004 Creditor's exam could become the way of discovering important additional information related to any assets the debtor claimed, and may help you discover undeclared or significantly underestimated available assets. Everything is dependent on you discovering the omitted assets, and then checking whether your judgment debtor has has not listed their assets properly. An example might be if the debtor documents certain very expensive things getting listed as being worth $150 under "miscellaneous furniture" on the debtor's bankruptcy financial schedules. When research is performed on your bankrupted debtor and/or the debtor's assets; the only motivation should be to try to find enough proof showing available assets not getting documented, and/or being severely underestimated in their bankruptcy's assets schedule. When this kind of evidence is discovered, a judgment owner or the creditor's lawyer might bring that to the debtor's bankruptcy trustee's attention, and/or might be able to schedule a hearing for a motion. Once the judgment owner catches the judgment debtor lying about disclosing their assets to their court, a judgment owner's attorney may have the ability to object to all further orders that court makes that permits the judgment debtor to change their schedules. In bankruptcy court, the "cards" are usually arranged toward the debtor's favor. In some cases, the debtor may pick any location within the USA to file for bankruptcy protection; even if just to cause it to be harder for judgment creditors. If you wish to change your odds in bankruptcy situation, the situation needs to be right; and you or an lawyer must perform a bunch of work, to try to change the slim odds to your favor. If it is a fairly big judgment, and there seems to be some route to certain available assets; it's worth doing a bit of discovery. The best results often require you to spend considerable time gathering and organizing what you already know, or can easily find out concerning the debtor and their assets; and (e.g.) then hiring a PI and an attorney. If you have a large judgment with some kind of trail to concealed assets; you'll have to provide information and documents that prove those assets actually should be part of their bankruptcy financial estate, and usually benefits all of the secured creditors. Consider retaining an attorney and check out PACER, the unique info source for all federal and bankruptcy-related judgment info. PACER's free for low-volume usage, however you must register for your online account at PACER. Consider saving every important document as PDFs (on a Macintosh, you might have to change the file extension to .pdf), and save them and at least screenshots of important status result pages, in a folder. After you have registered with PACER, you may check on there whenever you wish. Court-related matters usually progress very slowly. Judgment collection is a recovery attempt, this means to collect or enforce your judgment. Judgment buyers are available and can help you with any judgment recovery attempts. Mark Shapiro of http://www.JudgmentBuy.com - Your fastest and easiest free method of finding the best professional to buy or recover your judgment.
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finding undisclosed bankruptcy assets, finding bankruptcy assets, bankruptcy assets, bankruptcy hidden assets,
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