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    joefigs's Avatar
    joefigs Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 12, 2008, 02:06 AM
    Offshore account
    Hey new to your ask me site but I love it
    Here my question I live in nj
    I owe about 10000 in debt they granished my wages and levy my bank acount
    I taked to the creditor and they want a lump sum of 8000 I'm fine with that but I need an account to save up in . Can they get my money if I put it in an offshore account ? It's a round about why of going at it but I hate the fact that any money in that acount will be taken . Thanks for your time
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Mar 12, 2008, 05:34 AM
    Hello joe:

    Your offshore account MIGHT be safe. Not all offshore accounts are the same.

    excon
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #3

    Mar 12, 2008, 06:10 AM
    Quote Originally Posted by joefigs
    hey new to your ask me site but i love it
    here my question i live in nj
    i owe about 10000 in debt they granished my wages and levy my bank acount
    i taked to the creditor and they wnat a lump sum of 8000 i'm fine with that but i need an account to save up in . can they get my money if i put it in an offshore account ? its a round about why of going at it but i hate the fact that any money in that acount will be taken . thanks for ur time

    Also, if you get called in for sworn discovery you have to give them this info -

    I don't think you are saving any money here, anyway - interest will continue to run. Instead of putting the money in an account, why not just make payments to the creditor - unless you don't intend to pay the judgment.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #4

    Mar 12, 2008, 06:32 AM
    I agree with Judy. If they offered you an $8K settlement that was probably for a limited time and on a lump sum basis. If you don't have $8K now, then they aren't going to wait. You would be better off negotiating a payment plan with them.

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