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Yes.
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How do you become debt free without assets?
To become debt free without assets, you can start by getting a job and paying your bills. Set up a budget and follow it. Be sure to include savings and investments. Do not add any more debt!
If you are being sued by a bank can they take your home?
Had a business loan and 2 home equity loans and assets as collateral... delinquent on business since it is now closed but current on equity loans... Can the Bank take all assets and home for collecting the business loan (now closed) plus all assets?
How does a company become limited?
When a company has the initials "LTD" or "limited" in their title, it typically means that the company is limited if it should ever be sued. For example if a person has a company called abc limited, only the monies in the company can be accessed if sued, and not the person's personal assets.
What is Net tangible assets how it is calculated?
Net tangible assets are calculated as the total assets of a company minus any intangible assets. Intangible assets are goodwill, patents and trademarks.
If you live in Texas can you be sued for a credit card debt of nine thousand dollars?
A person can be sued in any state for any amount. Texas does however have quite liberal exemptions for protecting personal and real property.
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.
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 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 pediatricains be sued?
Anyone, in any profession, who is alive can be sued.
Can a wife's assets be at risk if the husband is sued?
It depends on the jurisdiction and the laws in place. In some cases, a spouse's assets may be at risk if the other spouse is sued, especially if they are considered marital assets. It is always best to consult with a legal professional to understand the specific implications in your situation.
What happens if you are being sued in LA and you have no money?
The person can take your house, car, and any possessions. You also have to file bankruptcy.Added: If the suit is successful, the creditor can also file a lien against any future income or assets you may accrue.
If you marry a man who is being sued for everything he owns can it affect you in any way after you are married?
yes because once you are married all assets of both people are considered marital assets and can be affected by liens and lawsuits no matter who owns them the wife or husband and even if they wetre iowned before the marriage
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 a husband is sued how can the wife protect the family assets?
One way the wife can protect family assets is by ensuring that assets are held in her name only or in a trust that she controls. It may also be advisable for the husband to transfer assets to the wife before any legal action is taken, while keeping in mind the legality and implications of such transfers. Seeking legal advice is crucial to determine the best course of action based on the specific circumstances of the lawsuit.
