I won a judgment/garnishment of wages and the debtor immediately filed Chapter 7. He has no assets to sell to pay this debt, however he is employed. He has no REAL debts, i.e no automobile, no home, etc. to pay monthly (the judgment was because he defaulted on the automobile I co-signed on ((and a couple of other things)) & he resides in the home of his friend) and I believe he filed Chapter 7 primarily to avoid paying the money he owes me.
My question is - if he's employed and has no real debts, how is he able to file bankruptcy? Will he not have to show the Court that he is in debt in order to file Chapter 7? Or is Chapter 7 "allowed" every six or seven years?
Thanks
For The Insight
My question is - if he's employed and has no real debts, how is he able to file bankruptcy? Will he not have to show the Court that he is in debt in order to file Chapter 7? Or is Chapter 7 "allowed" every six or seven years?
Thanks
For The Insight