ISSUES WITH COLLECTING A JUDGMENT: FRAUDULENT CONVEYANCES: What happens if you are trying to collect from a debtor and you find that he/she recently transferred all or a large portion of their property to another person, most likely the spouse. I recently became involved in litigation regarding just that issue. The husband owned a large […]
Arnold & Arnold, LLP Blog
What are the Differences under Chapter 7 and Chapter 13: Secured or Unsecured, payment of judgment, impairment of exemptions? By Jean C. Arnold, Esq. A. Payment of judgment – unsecured debt. In Bankruptcy, it is unlikely the debtor will pay the full amount of the judgment unless the underlying debt is found to be non-dischargeable […]
