Many people only have a vague idea of what happens when they get sued by say, a creditor that wants his money back, or by an ex-spouse that wants part of the estate after divorce. We need to review this process so that you understand how important it is to protect your assets the right way.
The process, right from filing a complaint to collecting a judgment is long and takes a lot of effort. It disrupts the normal working cycle and can lead to business losses.
David has been sued for malpractice by a client that claims that he provided wrong advice in connection with a business tax payment. The client is demanding damages to the tune of $50,000.
Here, David is the defendant in the case, and the client is the plaintiff. Let us look at how things pan out.