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| I Am The Law! Car accidents, personal injury, defamation, libel, malpractice, fraud, bankruptcy, debt, lawyers, corporate law, criminal law, jail, police conduct, prison, employment laws, workers compensation, real estate law, divorce and family court, taxes, education, immigration, military law, insurance, trademarks and copyrights, traffic and driving laws, class action law suits, and more. All of these are welcome topics in this forum.This forum is not intended to be a substitute for professional legal advice. Always seek the advice of professional with any questions you may have regarding a legal situation. Never disregard professional legal advice or delay in seeking it because of something you have read on any web site, including this one. Fair warning: If you're stupid enough to post a confession it could be held against you in a court of law. |
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#1
 2008-10-12, 06:09 |
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 What happens when you're sued for more money than you have
Do they substitute jail time for money? Do you get to just declare bankruptcy? Do they just take money from you whenever you get it until it's all paid off?
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#2
2008-10-12, 13:58 |
m0ckturtle 
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Re: What happens when you're sued for more money than you have
Quote:
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Originally Posted by ChickenOfDoom
Do they substitute jail time for money? Do you get to just declare bankruptcy? Do they just take money from you whenever you get it until it's all paid off?
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There are no debtors' prisons in America. A plaintiff tends to not ask an amount that would cause the defendant to file for bankruptcy because they won't receive as much if the defendant goes into bankruptcy. |
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#3
2008-10-13, 02:21 |
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Narnia. It is a silly place.
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Re: What happens when you're sued for more money than you have
There are no debtors' prisons in America. A plaintiff tends to not ask an amount that would cause the defendant to file for bankruptcy because they won't receive as much if the defendant goes into bankruptcy.
This.
Also, wage garnishment is a possibility.
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#4
2008-10-14, 08:30 |
Mr Smith
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Re: What happens when you're sued for more money than you have
mmmm garnish
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#5
2008-10-20, 18:33 |
tuku
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Re: What happens when you're sued for more money than you have
Tthey put in garnishments. Also this includes freezing of your bank accounts too. And it just isn't money that is out into Garnishments. They can take away your tangible property up to the ammount that you owe.
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