What assets can be taken in a civil lawsuit?

If your opponent obtains a judgment against you, he can probably pursue your personal assets to satisfy the judgment. This may include bank accounts, wages, real estate, vehicles, boats, personal items, and more.

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.

Can you sue someone for not paying back money?

Yes, you can sue someone who owes you money. When someone keeps “forgetting” to pay you or flat out refuses to pay up, the situation can quickly become frustrating. You can take the issue to a small claims court and pursue legal action if it meets the minimum and maximum money thresholds.

What happens if you don’t respond to a lawsuit?

If you do not file a written response within the required time, the “plaintiff” (the party suing you) can ask the court for a default judgment against you for everything she asked for in her complaint. After the plaintiff gets a default judgment, she can try to garnish your wages, attach your bank account, or take your property.

What should I do if I am sued by a creditor?

Confer with a Debtor or Creditor Lawyer. If the lawsuit might cause you to lose significant money or assets, you should determine what should be done with respect to preserving your monies and assets. In some states it is a crime to transfer assets with the intention of avoiding creditors, and in other states it is not.

What are the reasons for filing a civil lawsuit?

Five top reasons civil lawsuits are filed: contract disputes, personal injuries, disputes over property, disputes over estates, and family disputes such as custody and divorce proceedings. 7. Just the facts, ma’am. Witnesses (except for expert and character witnesses) can generally testify only about things they observed, not what they heard.

What happens if you get a summons and complaint against you?

Remember that if you do nothing, the person suing you can ask the court for a money judgment against you! If you have received a summons and complaint, that probably means you are being sued. Being sued can be one of life’s most stressful experiences.