Ask Experts Questions for FREE Help !
Ask
    mauricedoughboy's Avatar
    mauricedoughboy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 3, 2010, 04:23 AM
    I am going to inherit money can my debtors take that away from me?
    I am going to receive monies from the sale of my Moms house and I wanted to know can this money be taken away from me from my debtors?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
    		  
    #2

    Jul 3, 2010, 07:26 AM

    If a creditor receives a judgment against you and garnishes your bank account, yes, any money in there can be taken. So put the money in an account that can't be attached, or invested so it can't be. Or, if possible, in an account outside the country you where you live.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #3

    Jul 3, 2010, 09:16 AM

    I trust you mean your creditors, the people who lent money to you.

    Yes, these funds can be taken IF there is a Judgment against you.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #4

    Jul 3, 2010, 10:32 AM

    Well of course they should not have to "take it away" since you owe them, I am sure you are wanting to do the moral and right thing and pay your debts.

    The truth is if you owe them money, and if they have a judgement, they can just put a freeze on the money as soon as you get it.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
    		  
    #5

    Jul 4, 2010, 06:45 AM
    Quote Originally Posted by Fr_Chuck View Post
    ...
    The truth is if you owe them money, and if they have a judgement, they can just put a freeze on the money as soon as you get it.
    Assuming they know where to look.
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
    Uber Member
    		  
    #6

    Jul 8, 2010, 04:19 PM

    And also assuming that they know you will be receiving this money from the house sale. If you filed bankruptcy and did not list this asset and the trustee handling your bankruptcy finds out you'll be in a world of hurt for hiding assets and your creditors will happily get a big chunk of your sale money.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can animals inherit under US law? [ 6 Answers ]

Are animals allowed to inherit property of their owner under US law? Please provide explanations.

Can plants inherit characteristics? [ 2 Answers ]

Please answer. Can plants inherit characteristics? :)

Best means for my son to inherit home [ 5 Answers ]

What is the best and SIMPLIEST way for me to have documention that my property with go to my son upon my death. I have no other children and no one to contest anything. At this point there is a small mortgage on the property. I would like to do this without spending a fortune on an attorney.

Who would inherit our home if one of us should die? [ 2 Answers ]

In Nc if me or my husband should die who gets our home?

Debtors interragtories [ 2 Answers ]

Hello My Sister Received A Paper From A Deputy At Her Home She Was Gone And The Deputy Left It With Me To Give Her,I Thought It Was A Civil Warrant But It Is A Paper That Has A Court Date For Debtors Interragtories What In The World Is That? Thanks For Any Information

View more questions Search