What happens if you lose a lawsuit and Cannot pay?

If you lose a civil case and are ordered to pay money to the winning side, you become a judgment debtor. The court will not collect the money for your creditor, but if you do not pay voluntarily, the creditor (the person you owe money to) can use different enforcement tools to get you to pay the judgment.

Can you sue someone with 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.

How do I hide assets when being sued?

Asset protection trusts are types of trusts that allow you to hold funds for your benefit, but it keeps them shielded from your financial enemies; especially plaintiffs of a lawsuit. So, when someone sues you, the assets belong to the trust instead of you. You can use them, but your creditor cannot.

Does a trust protect assets from lawsuit?

A living trust does not protect your assets from a lawsuit. Living trusts are revocable, meaning you remain in control of the assets and you are the legal owner until your death. Because you legally still own these assets, someone who wins a verdict against you can likely gain access to these assets.

What happens if you sue someone for property damage?

Typically, those who sue over property damage only recover the cost of repairing or replacing the property. In certain cases, a defendant to a property claim may be able to assert an affirmative defense as to why he damaged the property.

What is considered property damage?

Property damage is defined as any actions of a person that negatively impacts the condition of your property, directly or indirectly. There are three major types of property damage: Damage to Commercial Vehicle or Automobile: Vehicle in this case covers all forms of automobiles from power bikes to trucks.

What happens if you’re in an accident caused by another car?

Let’s say you’re in a car accident caused by another car and driver. That driver’s insurance may pay for the damage to your vehicle, but only if they carry a high enough property damage liability limit to cover the damage to your car.

Can I claim compensations for property damage?

Compensation for emotional distress and pain and suffering cannot generally be awarded for property damage. In most cases, the property owner may be awarded more money if he can prove that the person who caused the damage did so intentionally.