Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Clarification. I thought the judgment (50K) from an adversary proceeding in bankruptcy court was enforceable after bankruptcy as a debt. ($0 assets left) this debt could be used to garnish wages etc...
But what your saying is, the judgment only applies to bankruptcy assets?
Ok. That sound right. (the 50K is nonchargeable) This protects the bank if they get less then the liens on the property. But I'm a little confused on the fact that they could enforce the judgment beyond the value of the lien ('then the additional proceeds could be seized by the sheriff to satisfy the bank's judgment'), since the 50k is basically part of the 500k owed?