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Making myself judgement proof

Asked over 2 years ago - Pinellas Park, FL

Lawsuits

After a civil lawsuit has been filed against me, can I transfer money from a joint acount to an account only in my wife's name at another bank in order to protect her money. (The money was hers when we married, but my name was put on the account; I don't feel her money should be jeopardized by this legal action.)

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Attorney answers (1)

Lonnie K McDowell

Reputation Level 14

Answered over 2 years ago. Chapter 7 Bankruptcy Attorney in Cottonwood, AZ.

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You cannot conceal or transfer funds with the intent of hindering creditors. If you have never put any money into the account, you may be able to open a new joint account and take your name off the one you were added to, and say "we just put it back the way it was, no transfer involved." If you have comingled money with your wife in the account, you have some problems.
I suggest you set up a consult with a good collection attorney who can tell you what remedies are legal in Florida.

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