i am being sued personally becasue a creditor can not collect money from the busienss i owned that is without assets or cash.
Asked on May 24th, 2012 on Business Law - Wisconsin
More details to this question:
they think i sold assets to another company, which is not true the business has no assets as i have already shown after they got their judgement. My question is that once i finish defending myself can i sue for my legal costs?
As a general matter, in the American legal system, everyone pays their own legal fees, including successful defendants. There is a cause of action for vexatious litigation which may be pursued in a separate lawsuit after an action terminates in the defendant's favor. In order to prevail, you will need to be able to prove that the plaintiff in the current lawsuit reasonably should have known that its claim was groundless and that it sued you despite such knowledge. That may be a hard showing to make. Good luck with it.
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