Legal Question in Real Estate Law in Florida

civil lawsuit

we have a civil lawsuit w/a bank or debt collector for a unpaid equity line loan in which the house was lost to foreclosure. What are the possible outcomes if we dont pay. Also could there be a judgement to the owner 's business corporation. Should they change articles of incorp to get their name off. Person is 65 yoa


Asked on 6/30/09, 11:16 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: civil lawsuit

If the owner is a corporation with no assets, the judgment is worthless. A corpation can dissolve and reform under another name.

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Answered on 7/01/09, 7:18 am


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