ABC Loans Inc. won a lawsuit. It has a judgment for $100,000 and a legal bill of $45,698.12 that is owed to its lawyer for legal services to obtain this judgment. Which of the following are correct?
options:
Option 1) The remedy ABC Loans Inc. could use to collect money from a bank account is called seizure.
Option 2) If the judgment debtor is an individual whose assets are worth less than $100,000, ABC Loans Inc. can seize ALL the individual's assets to pay its judgment.
Option 3) If the judgment debtor is a corporation whose assets are worth less than $100,000, ABC Loans Inc. can seize ALL the corporation's assets to pay its judgment.
Option 4) The amount that the judgment debtor must pay is $145,698.12, the total of the judgment and the winner's legal fees.
Option 5) If the judgment debtor is not able to pay the amount owing, they won't go to jail.
Option 6) If the judgment debtor is not able to pay the amount owing, ABC Loans Inc. can collect from the public fund that has been established for these types of situations.