Q: Terms of payment of the corporation's claim
What are terms of fines payments for corporations?
For example: Court says: Corporation X must pay 100 millions to Corporation Y as fine.
What are terms of payment for Corporation X? Will corporation Y get full amount? How will it pay: 100 mln at once or piece by piece? Is there any standard? Or each situation is unique?
It would be great to get some information about it.
And do corporations have insurance for claims?
Thanks
A: In civil litigation, as opposed to criminal or family court cases, the enforcement of money judgments is left to the parties who can attempt to execute on the judgment by directing law enforcement such as the Sherriff or a Marshall's office to lien, levy, and/or garnish the judgment debtors accounts or repossess property in which a perfected lien has been foreclosed upon.
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