Monroe, NC asked in Civil Litigation, Bankruptcy and Collections for North Carolina

Q: Someone in the family was in a fight with another person. That person may sue. What can we do to protect our money?

2 Lawyer Answers

A: A North Carolina attorney could advise best, but you posted a week ago. Product liability (your chosen category) attorneys don't usually get involved in the issues you describe. You'd probably want to speak with attorneys who work with asset protection, collection defense, or bankruptcy, depending on the scope of damages at hand. There are categories for "Collection" and "Bankruptcy" here if you wanted to repost and include them as headings. Don't include personal information. Good luck

James L. Arrasmith
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Answered

A: First, gather all relevant information about the incident. Documentation, such as medical reports, photographs, and witness statements, can be crucial if a lawsuit is filed. Understanding the facts will help you be better prepared for any legal action.

Consider transferring assets to family members or trusted individuals. This could include property, savings, or other valuable assets. However, be cautious about the legal implications of such transfers, as they could be seen as fraudulent if done solely to avoid liability.

Finally, look into insurance policies you may have. Homeowner's or umbrella insurance can sometimes cover legal fees and damages in such cases. Contact your insurance provider to understand your coverage and see if additional protection is needed.

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