zddoodah
Well-Known Member
ummm... so, my only option now is to declare bankruptcy?
I'm at a loss as to how you reached that conclusion from what I wrote. I didn't even go so far as to "suggest[] [that] you consult with a bankruptcy attorney" (quoting "PayrollHRGuy"). What I wrote was that you "you might consider consulting with a bankruptcy attorney." Heck...for all I know, $100k might be something for which you could easily scratch off a check today, which, if true, would make consulting with a BK attorney pointless.
Here are your basic options (not all of which are mutually exclusive):
1. Do nothing and see what happens.
2. Run and hide.
3. Hire a lawyer to review the situation and advise you.
4. Pay the judgment in full.
5. Try to negotiate a reduced lump-sum settlement or a payment plan.
6. File bankruptcy.