Will filing for bankruptcy stop a lawsuit?

Filing for bankruptcy in Mississippi will not necessarily stop a lawsuit. Bankruptcy is a way to deal with debt, but it is not a shield from lawsuits. Depending on the type of lawsuit, bankruptcy may or may not provide protection. For example, if someone is filing for bankruptcy to get out of paying money on a debt, then the bankruptcy may stop a lawsuit from the creditor. This is because the bankruptcy will prevent the creditor from being able to collect if the court issues a discharge. However, bankruptcy will not shield someone from criminal charges or lawsuits involving child support payments or alimony. In these cases, the debt does not go away because of the bankruptcy filing. It may protect the person from collection attempts, but it will not stop criminal charges or keep someone from being sued for unpaid support. Additionally, a bankruptcy filing does not stop a lawsuit related to a personal injury claim, such as a car accident. In these cases, the bankruptcy will not protect the debtor from being sued for damages caused by their actions. Although it can be a good option for dealing with debt, filing for bankruptcy in Mississippi will not necessarily stop a lawsuit. Depending on the type of lawsuit, bankruptcy may or may not provide protection.

Related FAQs

How do I know if I am eligible for a Chapter 11 bankruptcy?
Is bankruptcy a public record?
Do I have to pay taxes on any discharged debt?
What type of information will I need to provide to my attorney before filing for bankruptcy?
What are the advantages and disadvantages of filing for bankruptcy?
What is the difference between a Chapter 11 and a Chapter 13 bankruptcy?
Are there any sites where I can get reliable information about bankruptcy law?
Can I still obtain a loan after filing for bankruptcy?
What is creditor reaffirmation?
How does the bankruptcy court decide which creditors will get paid?

Will filing for bankruptcy stop a lawsuit?

Related FAQs

Related Blog Posts