QUESTION
Can I simply not pay the judgement and wait it out?
Asked on Jan 11th, 2014 on Labor and Employment - Georgia
More details to this question:
I am involved in an ongoing case against my former employer. He is suing me for stealing information and setting up a competing business while I was working for him. It's been going on for two years now and the trial is in 3 weeks. I am concerned that I am not going to win and the judgement against me could be substantial ($100k plus which I do not have). I have a sole prop now so do not have a paycheck to garnish. I own my home but there is not much equity in it. I have read that it can be very difficult and expensive for an employer to collect a judgment from a former employee that is not cooperating. Can I just not pay it and wait it out? I have no need for credit in the near future.
3 ANSWERS
Do you have an attorney since you are going to trial soon? You probably should contact a bankruptcy attorney.
Answered on Jan 15th, 2014 at 3:27 AM
Commercial Contracts Attorney serving Boise, ID
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You could, but your ex-employer could garnish your customers and they may not like that.
Answered on Jan 15th, 2014 at 3:26 AM
If they get a judgment, they may garnish your bank account for what little money you do have. Try and reach a settlement. Perhaps if you close your business, it will satisfy them.
Answered on Jan 15th, 2014 at 3:26 AM