The word “damages” means that you’ve been harmed, and that you need to be repaid for those damages.
When we’re dealing with homes, several words get tossed around.
Sometimes it it gets confusing.
A Chapter 7 Bankruptcy is where we pull all of our debts together to be erased.
This is also known as a straight bankruptcy.
A request for admission is a type of discovery where the plaintiff and defendant can ask each other to confirm or deny different statements in writing.
Discovery is where the plaintiff and defendant exchange information.
A common question that comes up when we’re dealing with foreclosure in Alabama is, “What is loss mitigation?”
Basically, it’s anything that you do with your mortgage company to stop a foreclosure.
Interrogatories are written questions that can be served from one party to the other.
Instead of doing face to face deposition, we can write our questions out to the other side for them to answer within a set amount of time.
Sometimes we deal with cases that require arbitration, and other times the case requires meditation.
What do these terms mean?
Request for Production, or request for production of documents, is where each side can ask for documents that relate to the case.
“Documents” is a very general term.
Today we’re continuing our series on legal terms, and we’re going to talk about bankruptcy.
A Chapter 13 bankruptcy is where we pull all of our debts together, and we pay them off over a 3 or 5 year period.
A default judgment is what we get if we don’t respond to a lawsuit within the time limit we are given.
If we were sued in Small Claims or District Court, then we have 14 days from the time we were served to respond.