Legal Question in Credit and Debt Law in California

A judgment was recorded for our company due to non-payment. Our CEO is attempting to move assets at a discount, moved money to a Trust Account to hide it from the debtor, having a fellow employee be the "Money Manager" and lied to the court about receivables since December 2011.

So staff, contractors and account payables are made from this employee's account.

I told her this was questionable and could have repercussions. Her response was that "...it is the only way to help the company and pay the staff..."

A confirmation of judgment was recent recorded with debtor's examination in a few weeks.

Isn't this illegal? How should I proceed?


Asked on 4/17/12, 5:52 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

If you are being examined under oath, you are to answer the questions that are asked truthfully.

Read more
Answered on 4/17/12, 5:59 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in California