does anyone know how one qualifies for personal Bankruptcy in California? I'm sure that not just anyone can go out and qualify for it. Your debts probably have to out weigh your income or something.
My friend and I just took someone to small claims and won $700 and $2000 respectively. Now upon threatening to claim that money, the defendent has warned us that he'll probably have to file for Bankruptcy even though we're not going to collect all at once (probably garnish wages over several months period).
Anyone have an advice on this?
Cheers in advance.
My friend and I just took someone to small claims and won $700 and $2000 respectively. Now upon threatening to claim that money, the defendent has warned us that he'll probably have to file for Bankruptcy even though we're not going to collect all at once (probably garnish wages over several months period).
Anyone have an advice on this?
Cheers in advance.
