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What if you are sued and how no assets or job what is the out come?
Wiki User
∙ 12y ago
There is a phrase that lawyers use for defendants like yourself: "Judgment proof." Its actually a bit misleading - it doesn't mean that they won't get a judgment against you, just that doing so is pointless because you have no money.
In fact, the suit will go forward, because your lack of assets is not a defense. Your lack of assets will not change whether they win or lose - that will depend on who has the stronger case. If they win, or in legal terms "reduce their claim to judgment," they can only collect on whatever minimal assets you do have. They can't send you to jail for lack of assets or force you to do hard labor to pay your debt anymore, as they could in earlier times. If the judgment is greater than your assets, you are likely entitled to go into bankruptcy, and might discharge all or part of the judgment that way. If they do win, you should consult a lawyer about your bankruptcy options. Note however that some things cannot be discharged, for instance child support is not discharged in bankruptcy. Judgments that don't award money also won't be discharged. For example, orders of protection requiring that you stay away from an individual won't be discharged in bankruptcy.
Wiki User
∙ 12y ago
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If you do not have any assets or job can you be sued?
Yes.
If you have a joint account with a person that is sued can they come after your other accounts?
No. They can only go after the assets of the person that is being sued. If you have a joint account with that person that is part of the other person's assets. Any account that is just in your name is safe as you are not the person being sued.
What is the chance of being sued for an outstanding credit card balance under 4000?
If the collection agency knows your address and knows you have real property or assets, or a job, and are not exempt from garnishment...you are prime to be sued...You are paying the atty. fees and court costs anyway, so what do they have to lose?
Can a revocable trust be sued?
Yes, a revocable trust can be sued if it holds assets that are subject to legal claims. Creditors or claimants may be able to pursue assets within the trust to satisfy debts or liabilities. However, revocable trusts can offer certain protections and may help safeguard assets from potential lawsuits.
Can a lender sue if you do not have a job?
I lost my job and I have to foreclose on my home. can I be sued by the lender.
What is the best way to get rid of your assets and file for bankruptcy if you are being sued?
Don't do that. It's called fraud.
Can you be sued if you have no assets or money?
Yes. It may be a pretty hollow victory if the person suing you wins, though.
What assets can you bring to the job?
When determining what assets a prospective employee can bring to a job, there are two important aspects to keep in mind. Equal consideration must be given to the needs of the job and the qualifications of the employee.
If you buy an auto only in your name can your wife be held resposible for it?
if i buy an auto in my name only, can they go after wifes assets if i get sued
What happens if a surviving step-mother refuses to give assets to the children of the deceased as decreed in the deceased's will?
She is interfering with the distribution of the estate. She can be sued.
If getting sued and you put all your assets in your brothers name can they still get it?
Yes, they probably can, especially if it can be assumed and proven that you did it to shelter them in anticipation of the suit.
Congressmen can't be sued for what they say Where does this protection come from?
The Constitution
