The laws on that have changed. It isn't as easy as it wonce was. If you do go bankrupt, your credit is ruined. You'll get nothing on credit for they say 7 years, but it follows you around longer. You even need a credit check to find a place to live, buy a car, get a phone, the utility companies, everything!!! You may get out of debt, but it would be to your benifit to seek credit counseling and have all the payments reduced. Your credit will still suffer, but at least the companies know you've tryed, and your score will eventually get better, hope that helped.

but what about my judgement that i have in ,my name can i buy a car. and register it in my name

I don't know where you're from so this may be just so much rubbish, not applicable to where you live. Generally, bankrupcy means all your debts are added up, as is your income and expenditure. What you can afford to pay is calculated, and a proportion of the debt is extrapolated from that to arive at a figure you can pay. You will be expected to pay back at least part of the amount you owe, and as needtoknow has stated, your credit rating will be wrecked for close on a decade. The court judgment lasts for 6 years in the UK, but the 'smell' of bankrupcy stays with you, detrimentally affecting your credit rating for a while longer. In the UK, bankrupcy has been made easier recently (about 2 years ago) and it's popularity soared. Now thousands of people are about to find out that they made a big mistake 'going under' to save themselves a bit of money for a while - with the UK going through an economic slowdown, these people are going to have to hope they have and keep a good job if they want a holiday/car/any consumer durable. If they can't pay in cash they won't get credit. In answer to your specific post about buying and registering a car - if you can pay in cash you'll be fine, but you're unlikely to get credit, especially in financially uncertain times. However, I know of no reason why you can't register a car in your name, but if you're outside the UK I know diddly anyway. See if you can get more reliable advice than I'm able to give. I wouldn't want to mislead and the sort of thing you're talking about is too serious for advice over the internet to be used as a decision making tool.

Depends upopn what the "Judgement" was in regards to. If like you bought something (Car, boat, plane, train) then they went to court to force you to pay it off, then yes. if it's due to criminal charges, then no. Regarding cc debt, it wipes it all out, but DON'T charge anything or pay any bills if you are filing..Trustee REALLY gets nasty if you do such..Cash works really good!

No. Bankruptcy used to work that way with a "clean slate," but the laws changed recently so that you have to work out a plan to pay back all your debts as part of any bankruptcy.

If everyone with outrageous debt got off the merry go round the game would end. As long as we need something back from the same repressive system, you are still bound by that need.