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    Ugene's Avatar
    Ugene Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 3, 2007, 10:18 AM
    Judgement proofing my assets
    I have a disputed balance with a credit card company. They won't adjust or stop adding what I consider huge charges to the balance. I expect them to soon seek a judgement.

    What can I do?

    Ugene
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Mar 3, 2007, 11:16 AM
    Hello Ugene:

    What kind of assets are you considering making judgment proof? Of course, if you transfer assets out of your name just to avoid a judgment, that's considered fraud. Fraud is a criminal offense.

    excon
    Ugene's Avatar
    Ugene Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Mar 3, 2007, 11:54 AM
    The main asset is my house. I don't want a lien filed against it since I plan to sell the house in early spring. Thanks for your ideas.

    Ugene
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Mar 3, 2007, 02:46 PM
    You need to sell it now, any other movement would merely be fraud, and they can still attach it and cause you issues if you don't.

    To be judgement proof, no bank accounts what so ever, no job with no salary they can garnish, and sell all of your property.
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