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Oddly enough the amount is not always the biggest factor in whether or not a lawsuit will be implemented. The ability to collect a judgment is the major factor. If the person has steady employment, bank accounts, etc. then it makes legal action more likely. Lawsuits like BK are almost always "no asset" cases. You always have the option of informing creditors that you are able to prove all your property is exempt, and therefore you are "judgment proof." "The best defense is a good offense."

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10y ago

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