Category: Filing Bankruptcy

Are judgments dischargeable in bankruptcy?

A DEBTOR with a judgment against him needs to determine if he can discharge his personal liability under that judgment in a Chapter 7 bankruptcy petition. That would depend whether the underlying debt is dischargeable or not. (In bankruptcy, a discharge is the final order issued by the bankruptcy court which releases the debtor from […]

Dex Media Plans Chapter 11 Filing

Phone-book publisher Dex Media Inc. is planning to file for chapter 11 protection for the third time in seven years next month, The Wall Street Journal reports. Oil giant BP PLC is paying Cal Dive International Inc. more than $3.5 million to settle damages tied to the Deepwater Horizon spill, and the underwater repair business […]