An Under Appreciated Tool to Protect Recovery When Trial is Over
When a client is deciding whether or not to file a lawsuit, it is important to analyze what assets a defendant has and whether the defendant will actually be able to pay-up after losing at trial. You can’t get water from a stone or blood from a turnip. Sometimes, a defendant has assets, but they’re extremely limited (think single-member LLCs, holding companies etc.). In those cases, clients may be rightfully concerned that the defendant will start dumping assets once they sense litigation coming. Fortunately, under Article 35 in Chapter 1 of the North Carolina General Statutes, there is a[...]


