If you are worried that you may lose some of your assets due to a judgment or lien your creditor is filing or has threatened to file, you should be. You can definitely lose assets if a judgment is awarded to your creditor. Your creditor must go to court with the debt matter if the debt has gone a certain number of months without being paid. It is unfortunate that it will likely cost you in one way or another if the matter goes to court. The result reached in court will be unique, just as every person’s individual situation is unique.