Legal Question in Credit and Debt Law in Florida
Facts: Florida resident, lost my job, not able to make credit card payments, recent auto repo, no desire to BK or re-org.
Question: Can the creditors come after my assets, such as money in the bank and my home?
Assumption(s): I understand that they can get judgements and my credit is already ruined, but I was under the impression that they cannot attack assets because they are unsecured creditors.
3 Answers from Attorneys
In the state of Florida, your house, if you live in it, is homestead and cannot be taken by creditors. Your bank accounts, however, can be attached or garnished, once a judgment is obtained against you.
You bank accounts cannot be garnished or attacked if you can show that they are wages or disability payments, etc and that you are the head of household. In Florida there are many exemptions to protect you but you need to speak to an attorney about them. For more information check out my web site www.behrenlaw.com.
See my website on ganishment and repo law. Want to know the law? Sign up for our free newsletter on varies areas of the law by sending an email to [email protected] and requesting the newsletter, or go to www.ConsumerLawyerHelp.com. See www.FL-PI-Lawyer.com for your personal injury needs.
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