Ought To I File Chapter Seven?

[otsoa]

I am asking oneself if I ought to file for Chapter7.
I have a 999,000 judgement in the direction of me from an intellectual rights violation lawsuite (I sold copied laptop or computer software package on E-Bay with no copy rights)
I am in the strategy of acquiring a significant settlement in the up coming two-three several years from an insurance coverage coverage declare and my dad and mom have me in their wills and private residence and money and this kind of
MY wife has damaging credit score as proficiently and in interested in filing.
We very very own 3 vehicles and a deed to a campsite share.
Is Chpt.seven a fantastic notion?
Most of our payments are health care and lousy checks.
Thank You

[zebulon71]

It is not instantly clear that your judgment would be dischargeable in bankruptcy, as it arises from intentional misconduct. You ought to seek the suggestions of a bankruptcy lawyer about the specifics of the judgment, and the relative merits of Chapter 13.