Perspective
Jun. 24, 2015
How to recover judgments from phantom litigants
Corporate litigants facing a substantial adverse judgment may attempt summary dissolution to evade execution of the judgment and collection. By Dominic J. Fote and Zachary P. Marks
The scenario is all too familiar: After years of protracted litigation, an attorney
obtains a sizeable monetary judgment in favor of her client, but before the judgment
can be paid, the debtor corporation mysteriously dissolves, becoming ostensibly insolvent.
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So what is the best course of action to recover the judgment?
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Corporate litig...
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