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TexLaw, Attorney
Category: Legal
Satisfied Customers: 4430
Experience:  Lead trial/International commercial attorney licensed 11 yrs
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If judgement if found against me and I cannot pay then it would

Customer Question

If judgement if found against me and I cannot pay then it would just be a lien placed on me?
Submitted: 4 years ago.
Category: Legal
Expert:  TexLaw replied 4 years ago.
Assuming that the judgment is just against the corporation, then it would be a lien against the corporation's assets, if any. If there are not any corporate assets, and the Plaintiff is not successful in piercing the corporate veil, then that would be an end to the matter.

If the judgment is against you personally, then the plaintiff would be able to place a lien on your bank accounts, on your wages and potentially seize your personal possessions (which are not exempt) to sell to satisfy the judgment.