Summary
In a Chapter 11 bankruptcy, judgments with significant payments can be complex. Fraudulent debts are usually non-dischargeable, and negotiations may focus on settling the balance. A stipulated judgment indicates agreed terms, and absence of confirmed fraud may simplify negotiations. Principal reduction depends on negotiations and financial status, with repayment terms often ranging from 3 to 5 years. Personal bankruptcy affects individual accounts, while businesses with separate EINs may remain unaffected. Consulting a bankruptcy attorney can aid in strategy and negotiation.Full Conversation
if the judgement is based on an alleged fraud, what is the most likely outcome in negotiation
In negotiations involving a judgment based on alleged fraud during a Chapter * bankruptcy in Florida, consider these points:
- Fraudulent debts are generally not dischargeable in bankruptcy.
- Negotiations may focus on settling the remaining balance.
- The creditor might seek full repayment or negotiate reduced terms.
Would you like to explore potential negotiation strategies?
yes
Here are some potential negotiation strategies you might consider:
- Documentation: Gather all relevant documents and evidence to support your case.
- Legal Counsel: Consult with a bankruptcy attorney to understand your options.
- Settlement Offer: Propose a reasonable settlement to the creditor, considering your financial status.
- Mediation: Explore mediation as an option for resolution.
Would you like to connect with a local attorney who can assist you further with your case?
no thanks
Case Rating: *
It seems like you're navigating a complex situation with Chapter * bankruptcy and a judgment involving alleged fraud. If you change your mind about connecting with a local attorney, feel free to reach out. Legal counsel can be very beneficial in such cases. If you have any more questions, just let me know!
in a joint stipulated judgement, there is no confirmation of mal intent or fraud
Case Rating: *
It seems you're dealing with a joint stipulated judgment in a Chapter * bankruptcy without confirmed mal intent or fraud. Here's a quick overview:
- A stipulated judgment means both parties agreed on the terms.
- Absence of fraud confirmation may simplify negotiations for the remaining balance.
- Consulting a bankruptcy attorney can help with strategy.
If you have further questions about your situation, feel free to ask!
what is the likely principal reduction i can negotiate
Case Rating: *
In a Chapter * bankruptcy involving a joint stipulated judgment without confirmed fraud:
- The principal reduction depends on your negotiations and financial status.
- Creditors may agree to reduce the balance if it improves their chances of recovery.
- A reasonable offer backed by financial documents could be persuasive.
Would you like more information on negotiation tactics?
what kind of lenght of terms in case of this judgement
Case Rating: *
In a Chapter * bankruptcy involving a joint stipulated judgment, the length of terms for repayment can vary based on negotiation and agreement with the creditor. Generally, Chapter * allows for flexible repayment terms, potentially extending over a period of several years, often ranging from * to 5 years or more, depending on the specifics of your case. If you need more details or insights, just let me know!
again i'm only obliged to close my personal account and not businesses i own but have their own EIN
Case Rating: *
It seems you're dealing with a Chapter * bankruptcy and negotiations involving a joint stipulated judgment. Here's some information:
- Personal bankruptcy typically affects individual accounts; businesses with separate EINs may remain unaffected.
- Business assets and liabilities should be separately managed unless personally guaranteed.
If you have more questions about your bankruptcy plan, feel free to ask!
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