Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
DearCustomer- If they file a bankruptcy you cannot do anything to try to collect as that is a violation of law. Until they actually file a bankruptcy case you can go tot eh court where you received the judgment and fill out paperwork to attach bank accounts and other assets. Most courts have the forms available at the clerks office. If the person resides in a different jurisdiction you will have to get a certified copy of your judgment and have it filed in the court in the area where the defendant resides or where the property is located in order to attach their assets.
Yes, they can bankrupt out of a judgment unless it is for taxes or some other protected area but a general court judgment can be discharged in bankruptcy.