0
Assets that can be seized if you are sued include money in bank accounts, real estate, vehicles, investments, and valuable personal property.
What else can I help you with?
If you do not have any assets or job can you be sued?
Yes.
What are advantages of incorporating a business?
The single largest advantage of incorporating a business -- the reason most companies do it -- is limited liability. Limited liability is a critical business advantage in today's litigious world. If you do not incorporate and your business is sued you can be held liable for all damages. The claimants can take your personal assets, e.g. your home and your car, even if they are completely unrelated to the business. If you are incorporated (and it holds up in court, i.e. the lawyers don't "pierce your corporate veil") then only the assets of the business can be seized.
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.
Who bough over crossland savings bank?
FDIC seized the bank and gave the assets to HSBC and WAMU. But I'm sure there are more banks that have some more accounts.
What assets can be seized in a civil judgement?
In a civil judgement, assets that can be seized typically include bank accounts, real estate, vehicles, and personal property.
If you do not have any assets or job can you be sued?
Yes.
What is a sentence with the word seize?
Police Seized my truck. Illegal assets must be Seized.
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.
If you have assets in your home can you be force to sell it if you file bankruptcy?
If the value of the assets greatly exceed the allowable exemptions, then yes they can be seized.
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.
Were there any consequences when an Acadian refused to swear the Oath of Allegience?
The british drove them out of their homes, and seized their assets
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 happens to your assets when you go to jail for life?
When you go to jail for life, your assets may be seized or frozen by the government. This means that you may lose ownership and control of your property, money, and other possessions.
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.
