Legal Question in Credit and Debt Law in Florida

Judgment

Several years ago my husband and I willfully turned over our car that we could not make the payments on. Recently, now over 6 years after the fact, we have a judgment placed on us. We are to give deposition in 2 weeks regarding our financial status and must turn over any and all records. That is ok, but my questions are - 1. Is my ''small'' retirement safe - will they seize the little bit I have? 2. We own a deeded timeshare in Vegas - is that safe? 3. What else can they do to us all over a car!? We are good people, just down and out in luck as many are. But, other than those 2 concerns...we have no other assets to our name. My husband is self employed and we have no jobs to speak of between the 2 of us and we are completely broke. Please let me know what to expect as I have never been so down and out in spirit and in mind. We gave up the car owing less than $12,000.00 and to this day, we are told we owe over $35,000.00 in fees and penalties. We have 2 weeks until the deposition and I seem to be crying continuously over the unknown status of our lives over this! My husband and I are 50 years old and basically live day to day...working hard, heads held high and with hope things will improve in our lives...Please help. Thank You.


Asked on 11/03/08, 8:10 am

1 Answer from Attorneys
Brent Rose The Orsini & Rose Law Firm

Re: Judgment

Your retirement is probably safe, but the timeshare could be seized. You might consider speaking with a bankruptcy lawyer, not just to consider bankruptcy, but becuase a bankruptcy lawyer can tell you whether you have an assets which could be lost in the lawsuit if you don't file bankruptcy.

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Answered on 11/03/08, 9:05 pm


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