Legal Question in Credit and Debt Law in California

I lost a case which required an extreme amount of money in judgment. The court allowed the apposing attorney to take all rent money from my property and as such I had to transfer my deed to an LLC that I am a part of to ensure I did not foreclose on the property. However, the apposing attorney is still trying to take all money from rental income even though I do not own the property anymore. What can I do to stop that from happening and regain the money the attorney has stolen from the LLC over the past two months?


Asked on 4/18/12, 11:37 am

1 Answer from Attorneys

There is nothing you can to. First off your transfer to the LLC was a fraudulent transfer and makes it likely you will get sued again. Second, no doubt the plaintiff's attorney recorded an abstract of judgment, which means that even if the transfer to the LLC was valid, the LLC would now essentially owe the judgment with you to the extent of the property and it's income. Once a judgment lien attaches, you can't just shake it off by transferring the property. It follows the property to any subsequent owners, especially if they are just a shell company you set up.

Read more
Answered on 4/18/12, 11:46 am


Related Questions & Answers

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