Monday, March 17, 2008

What if you Settle and Judgment Enters

What if a Judgment Has Entered Against You?

The plaintiff, the individual or other type of entity could now proceed upon their judgment. Collection procedures once commenced can in most circumstances include executions against your bank accounts, personal property, or income.

If Judgment has not entered and you have failed to respond and you may have been insured for this type of loss and they are demanding an amount greater than your insurance policy it does not mean that they are entitled to an amount greater, just that they are claiming they are. You should turn this matter over to your insurance company. If they do not respond to the claims made against you, you may have a claim for bad faith against your insurance company. Your insurance company is required, in good faith, to represent you.

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