Has it happened to any of you? Do they just take all your money if you lose the suit? What if you don't have any money?
Has it happened to any of you? Do they just take all your money if you lose the suit? What if you don't have any money?
Oh really. Wow
You have to be their butler for a year.
The court imposes what you have to pay and the schedule of payments. That's what happened to me when I broke a residential lease.
Unlikely. Most file bankruptcy and that's the end of it.
Juretek wrote:
Has it happened to any of you? Do they just take all your money if you lose the suit? What if you don't have any money?
They get a judgment and, in my state, have fifteen years to collect on it. The standard negotiating tactic is to file an appeal, and threaten to file bankruptcy.
First you appeal. Then you don't pay. Then they try and garnish your wages and seize your assets. You appeal that too. They put liens against your property. You appeal that too.
Eventually they see how much they are spending trying to collect money from you. So they make you an offer to settle for pennies on the dollar. You take and move on with your life.
This is why lawsuits often result in ridiculous awards, because they know that plaintiff will only collect a fraction of what was awarded.