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mal · 04-13-2006, 05:51 PM

lets say a company is suing you and you get served with a court summons. you fail to respond back to the summons ands the company wins a default judgment in the case. and they are asking for $500,000 when you only have $20,000 in assets. what would happen? could you file bankruptcy to get out of the rest of the $480,000 that you owe?

04-13-2006, 05:51 PM
mal Confirmed User Join Date: Dec 2003 Posts: 1,899	A question about Civil Lawsuits lets say a company is suing you and you get served with a court summons. you fail to respond back to the summons ands the company wins a default judgment in the case. and they are asking for $500,000 when you only have $20,000 in assets. what would happen? could you file bankruptcy to get out of the rest of the $480,000 that you owe?