Theoretically you are sued for any amount of money that is more than you have in your bank account and other assets and the person who is suing you wins? How do they get that money? Like say you are worth $20,000 and they sue for $100,000 and win
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I sue you for $100,000
I win and win 100,000
But you only have $5,000.
Well that’s mine now. But I can also take possession of some of your stuff. The judge can usually say what can or can’t be done. Like they won’t take your only car usually because the courts understand you need to get to work.
But your nice new TV? Mine. Your gaming PC? Mine.
Finally the court can issue a writ of garnishment. This basically says part of your paycheck is mine now. So if you make $20 an hour I might get $4 an hour of you working. Of course once you pay the debt it stops. But you will basically see your paycheck lessen.
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