Should I Vacate a Money Judgment, Settle the Judgment, or File for Bankruptcy?
ASK LEON Bankruptcy expert Leon Bayer answers real-life questions. Dear Leon, I have a credit card judgment against me for $20,000. I am trying to improve my credit and am wondering what to do. Should I try to vacate the judgment, settle with the judgment creditor, or file for Chapter 7 bankruptcy? Here are the facts. I did default on payments for the credit card that is the subject of the judgment. However, I can prove that the judgment creditor…