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What happens if you get sued and have no money or assets?
The lawsuit is not based on whether you can pay—it is based on whether you owe the specific debt amount to that particular plaintiff. Even if you have no money, the court can decide: the creditor has won the lawsuit, and, you still owe that sum of money to that person or company.
Can you sue someone for destroying your belongings?
You will need to bring a lawsuit and proof of the damage to court. If the matter is within the amount limit of the small claims court, I would suggest that it would be the easiest and fastest.
Can you sue someone who has no money?
Contrary to belief, it is possible to sue someone who has no money. This is because the decision of the courts does not depend on the size of your debtor’s pocket – if they are guilty of the charge, then they are legally obligated to pay you.
Is it illegal to break your own property?
While destroying your property you may cause all kind of havoc that, in fact, is illegal. For example you may run into issues if you burn down your house as it is dangerous to other properties, causes all kind of emissions, and so on. The thing about your property is that it’s yours.
What assets are not protected in a lawsuit?
Unless you take steps to protect them, most assets are not protected in a lawsuit. One of the few exceptions to this is your employer-sponsored IRA, 401(k), or another retirement account. At Bratton Estate and Elder Care Attorneys, our lawyers recommend putting an asset protection plan in place before you need it.
Is it possible to sue someone with no assets?
Although it’s not a very wise decision, it is possible to sue someone, even if the person being sued has no valuable assets. However, most people investigate the possibility of collecting from the individual they are considering suing before they go through the time consuming and expensive process of a lawsuit.
Can you sue someone with no money and no job?
3 Answers from Attorneys. You can sue a person with no money, job or assets the same as with anyone. Nevertheless, the realities may dissuade you from doing so. First, unless you qualify for relief from the filing fees, you will need to pay the fees. It is likely that you will also incur costs for serving the court papers.
Can you collect money from someone you are considering suing?
However, most people investigate the possibility of collecting from the individual they are considering suing before they go through the time consuming and expensive process of a lawsuit. The most common scenario is that someone brings a lawsuit against another person that exceeds the money they have to pay it.
Can you collect money from someone with no money or assets?
Collecting money from someone with little to no money or assets is virtually impossible. If someone has little income and few assets, they are “judgment proof.” Even if you win against them in court, you effectively lose because they are unable to pay.