Legal Question in Business Law in Florida

protecting assets from a judgement

my husband and i own a privately held corp, we just lost a judgement against us personally not against the corp. We plan on offering a settlement but our worried about our business if they refuse offer. Is it too late to sell stock certificates to someone? a none family member?We do not have much time to do this, Please if someone out there can help. I would appreciate it.


Asked on 10/15/02, 1:06 pm

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Re: protecting assets from a judgement

Any transfer now for insufficient consideration would be considered a fraudulent transfer and could be set aside by a court. I suggest you speak with your attorney. If you have none you should get one. Call me to discuss further if you wish.

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Answered on 10/15/02, 6:04 pm
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: protecting assets from a judgement

The previous answer is quite accurate. If you are my area, call for an appointment. 305-940-8080.

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Answered on 10/15/02, 7:33 pm


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