CoachRedPill

CoachRedPill

CRP Patreon Exclusive: “Civil Suits”

Added 2019-01-03 17:25:04 +0000 UTC

A discussion about law suits, lawyers, and knowing when to go full in and when to cut your losses.

CRP Patreon Exclusive: “Civil Suits”

Comments

After college, I started working for this company. It was my first job and I was 22. Anyway, after 2 years or so working, the company got some financial problems and started to stop paying me. After a while I quit because I couldn't take it anymore (3 or 4 months with no payment). I changed my job. The company didn’t want to pay me the debt, so I threatened to sue them. Pressure worked and they offered me roughly 20% of the debt. I didn’t accept because of pride, dignity, and also a sense of “fairness”. So, we went in this lawsuit process that lasted for 3 or 4 years. I invested money, time, and energy (trials are not easy). At the end I won, but I’d have got only 60% of the debt (a quarter of that for my attorney). The problem was that, after those years, the company went bankrupt. So, I didn’t get anything. Maybe I learned a lot about law and how the system works in my country, but it wasn't worth of all that. My emotions got really hurt during those trials. I definitely should have taken the initial proposal.

2020-04-03 14:07:11 +0000 UTC

Coach, you hit the nail on the head about corporate civil suits. I had to do something similar for one of my clients I had issues with, I had to show them I was willing to go all the way, counter sue, and make public announcements of what they were doing (with evidence), and they decided I was better left alone. Now, for corporations, if you are a consultant with them and you have a SOW / working agreement with them, always put a line item in there that they CANNOT sue you for more than the cost of the contract. That way, a $1,000 contract cannot be blamed for causing $1,000,000.00 worth of damages. Another item - get professional insurance!

2019-06-30 02:37:21 +0000 UTC

I agree that lawsuits can be rabbit holes. If I truly felt that I was owed money, I might do what you discussed in "The Loan" about Peter before considering filing a lawsuit.

2019-05-18 12:55:04 +0000 UTC

I will leave it to coach to offer his answer, but until he answers, take a look at offshore trusts (to protect yourself from divorce, lawsuits, taxes etc).

2019-05-18 12:39:07 +0000 UTC

Thanks for a very interesting topic. I also would apreciate your advice on how to finacilly protect oneself in case of divorce?

2019-01-05 12:17:35 +0000 UTC

Really loved the topic. Would you mind doing a video on how to protect personal investment from divorce?

2019-01-04 01:27:26 +0000 UTC

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