exholio
November 8th, 2002, 12:32 PM
After the judgement is filed, file bankruptcy (hold on!)
You only need to list the one debtor. They will receive
a letter from the court saying bankruptcy was filed. Then
have a friend with a business (if no business then have
them apply for an EIN) offer to buy the judgement for
pennies on the dollar. They'll think sure, sucker. They
buy the judgment, and you file papers to stop your
bankruptcy filing. You then pay your friend who then
reports to the credit bureau (if it was listed there)
that the judgement is paid.
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Truth or urban myth? I read this online so take it for what it's worth, probably not much.
You only need to list the one debtor. They will receive
a letter from the court saying bankruptcy was filed. Then
have a friend with a business (if no business then have
them apply for an EIN) offer to buy the judgement for
pennies on the dollar. They'll think sure, sucker. They
buy the judgment, and you file papers to stop your
bankruptcy filing. You then pay your friend who then
reports to the credit bureau (if it was listed there)
that the judgement is paid.
-=-=-=-=-=-=-=-=-=-=
Truth or urban myth? I read this online so take it for what it's worth, probably not much.