Legal Question in Civil Litigation in California
assets at risk in a civil lawsuit
I am being sued for loss of income, loss of equipment & medical expenses due to an auto accident. If I lose is my retirement, 401K,& IRA's at risk. Or are they exempt from being seized?
3 Answers from Attorneys
Re: assets at risk in a civil lawsuit
There are exemptions for assets that cannot be seized. In most cases, liability can be argued or apportioned, and cases can be settled. Please contact us at 714 363 0220 for review of your documentation and consultation.
Re: assets at risk in a civil lawsuit
Most all assetts may be at risk. You should retain counsel to represent you or at least to review all information to make certain you are headed in the right direction.
Re: assets at risk in a civil lawsuit
In most circumstances almost all assets are at risk. Usually all or most of the funds in retirement plans and IRA's are exempt from judgments. . . If you need further legal advice please feel free to contact my office-- 310-444-3020.
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