When is a lawsuit Binding?

nothing can be done until the suit is finished.only if the plaintiff wins is that a possibilty.

Thanks for your reply, so if the plaintiff wins.. So would the assets I sold before I recieved the summons come into play. This is just a abritartion hearing with no judge present.. Thanks again..

only if they win,and it becomes neccesary.see how the hearing plays out.

"nothing can be done until the suit is finished.only if the plaintiff wins is that a possibhey"

Being this is just a abritartion board. They don't have the authority to change a home deed contract. Believe onlu a Judge could do that? So this collection agency would have to file another lawsuit against me infront of a judge? Is that correct?
Which begs the question.. When is a lawsuit binding, when it is posted or 10 days later when the summons is sevred and accepted? Can't believe I can be heald accoutable for any transactions I did before recieving the summons, on the assumstion I never new I was being sued.

There is a legal concept known as fraudulent conveyance. Most state laws look back 4 years from the time of judgment. So, if you transfered ownership of assets 4 years prior to the judgment, you could be accused of a fraudulent conveyance, and transfer of the asset would be voided, so that the creditor could lien or seize it.

Guest it would take a JUDGE to do that not a arbitration board. Even a judge wouldn't do that over a 3 thousand dollar credit card loan.. And to be accoused of fraudulet, you would have ot know you where being sued. and delibertly sold off everything. In my case I had no ideal I was being sold and was just doing what I could do to stay alive..

ignore them mist.that only applies if you are being sued for payment of the goods in question.an unsecured loan doesn't applly in this case.even that is a grey area.