Q: When you sue somebody for $50,000 in a lawsuit and win the case! How are you guaranteed to get your money back??
My self and a friend of mine together invested $50000 in another friend of mines project!! He is a writer and producer of television shows! He wrote a show that he intended to sell to a buyer within 1 year. we have a a guaranteed money back contract if the Show did not sell in a year, we would get our money back in full. We have asked for our money back and he's crying poverty but I know that's not the case! My lawyer says if we sue him we will win guaranteed for "breach of contract" but how do we get our money back when he says he's broke! He's hiding money somewhere
A: Most skilled lawyers will not "guarantee" a win as lawsuits involve a lot of variables. However, if judgment is secured, then there are a variety of tools attorneys can use to collect on the judgment. These may include such things as wage garnishments, asset seizure and the like. None of these are "guaranteed." Even if judgment is secured, a judgment debtor may file bankruptcy, for instance. If a judgment debtor has little to no assets, they may be "judgment proof." You are encouraged to consult with your lawyer and/or get a second opinion
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