Re:I thought I would have accomplished a lot more today and ...
by sushshshsh on Saturday August 29, 2020 @10:02PM
(#24320758)
You can in fact lose more than you own, in some cases, if a judge deems you liable for damages that you have caused (in their opinion).
[ Parent
| on HN ]
Re:I thought I would have accomplished a lot more today and ...
by chii on Saturday August 29, 2020 @10:08PM
(#24320782)
> you liable for damages that you have caused
only if you did something illegal. You cannot be sued for more than you own in a civil suit.
Re:I thought I would have accomplished a lot more today and ...
by citizenkeen on Sunday August 30, 2020 @02:42PM
(#24324903)
In the United States, you absolutely can be sued for more than you own.
Re:I thought I would have accomplished a lot more today and ...
by chii on Sunday August 30, 2020 @11:47PM
(#24328342)
I should have clarified - of course you can be _sued_ for any amount. I meant that you cannot be forced to repay more than what you own - you bankrupt your way out of it, or accept a settlement.
The only debt you cannot discharge via bankruptcy is student loan debt, iirc.