The investor should file a written complaint with CMIC stating the grounds for the complaint and attaching thereto documents to support the claim. If CMIC finds that there is probable cause for the complaint, CMIC will commence investigation.
A default judgment is a judgment entered by a civil court when a defendant does not respond timely to a plaintiffâs lawsuit brought against him.
A civil judgment often leads to financial distress, which may lead a person to file for bankruptcy. Bankruptcy may mean that you are no longer responsible for paying off certain debts, including some debts owed due to a successful lawsuit filed against you.