Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
If you file a Bankruptcy - either a Chapter 7 or Chapter 13 (the latter is basically for those whose income is too high to file a Chapter 7) - your debts would be discharged, thereby allowing your judgments to be vacated. This means you would no longer have the responsibility to pay those debts.
It does not matter that the debts are based on rental properties.
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Your Chapter 13 monthly payment will be all of your disposable income for a period of 5 years. Your disposable income is your gross pay minus necessary deductions (such as income taxes) and minus allowable living expenses.
To give you a better idea of what expenses are allowed, here is the Chapter 13 worksheet:
In PA wages cannot be garnished for that type of debt (only for things like domestic support and taxes).
However, a judgment creditor can garnish bank accounts and place can liens on property (which will allow the property to be taken and sold).
any chance on shortening the length of the 5 year repayment?
No - not unless you pay the full amount early.