Collection Lawsuits: Would a Judgement Against My Company Be Worthless

jeudi 11 décembre 2014

If an out of state judgement from a pretrial settlement conference that my attorney attended is transferred to Pennsylvania but I have no assets, money and just sold the few assets I had which will help payback a line of credit to the bank (guaranteed).



Is the judgement worthless?



How would an Illinois company collect on a judgment in Pennsylvania?



How long does this process usually take?



If a company has no physical assets, bank account left, etc, what good is the judgment?



What could they do if I do not dissolve but no longer do business?



Does it mean anything that I did not sign anything, receive a release, and some of the settlement (court order) was not what I agreed with with my attorney?





Collection Lawsuits: Would a Judgement Against My Company Be Worthless

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