Ask Experts Questions for FREE Help !
Ask
    peaceofmind1970's Avatar
    peaceofmind1970 Posts: 3, Reputation: 1
    New Member
     
    #1

    Jul 23, 2012, 06:51 AM
    Being sued if you have no income/assets
    What can you be sued for if you have neither income nor assets ?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
     
    #2

    Jul 23, 2012, 07:04 AM
    It doesn't matter. The judgment will wait until you do.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Compute net income with assets and liabilities [ 3 Answers ]

Lily Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2009 $400,000 $250,000 2010 $460,000 $300,000

Net Income from total assets and Liabilities? [ 3 Answers ]

Here is the problem: I have tried to find the solution but what I do not get is how I am supposed to find the net income when I do not know the revenue and expenses? The total assets and the total liabilities of a business at the beginning of the year and the end of the year are below. During...

No income no assets and credit card default? [ 1 Answers ]

If you default on a credit card and you do not own your home and receive only Social Security and Teacher Retirement and have no personal property or assets what is the normal outcome as far as the Court is concerned?

Net income and return on assets [ 0 Answers ]

Franklin mint and candy shop can open a new store that will do an annual sales volume of $750,000. It will turn over its assets 2.5 times per year. The profit margin on sales will be 6 percent. What would the net income and return on assets (investments) be for the year?

Net income $ Total Assets [ 1 Answers ]

Cody Company reports net income of $101,100 in 2010. However, ending inventory was understated $17,890. What is the correct net income for 2010? $___________________ What effect, if any, will this error have on total assets as reported in the balance sheet at December 31, 2010? Total...


View more questions Search