Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification
You can threaten the filing of a bankruptcy, as part of a negotiation,
and that would be proper,
However, you should be careful, in making it seem that the bankruptcy filing is a definite, and make the offer of $10,000 and you can state anything higher would not be financially possible and could force the company into bankruptcy, that would be fine
If you do not appear in trial and he receives a default judgment,
than after you file bankruptcy the case is dismissed.
the verdict would be dismissed,
it does not matter if you do not appear at the trial date.
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