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Being judgment proof

Before a lawsuit for money is filed it is prudent for the party who wants to bring the action to evaluate the likelihood of recovery. That is - if you win will you be paid? Likewise if you are being sued- even if you have defenses the matter will take time to resolve. In this video Michelle explains what it means to be judgment proof and how that is an issue that should be reviewed before a suit is filed and before a suit is defended. Being judgment proof is but one consideration when you have been threatened with or actually sued. For info on the others watch this    • Options for dealing with collection suits