Legal Question in Credit and Debt Law in Wisconsin

Can they legally obtain this information

I have been given a Circuit Court Order for Financial Disclosure (due to debt with a credit card)and they want my bank account number, stock and IRA info. Can they really get that info and also I don't have any money in the stock market, but it is sitting in the brokerage account? Is there any way that I can send this order back without that information listed? Must I also write down my employer's name and wage information? Also, they have a judgment against me and I have been making payments, but it sounds like they want to garnish my wages anyway (the law firm they're using) because they keep calling and won't put any pay arrangements we make over the phone in writing - even though I have send them a certified letter requesting all contact and confirmation of payment arrangements be in writing. The Managing Supervisor of the firm called me and told me she needed to speak to me - should I call her back? Is it illegal to transfer the money in the brokerage account to the IRA or another person unrelated to me?


Asked on 1/07/06, 1:09 pm

1 Answer from Attorneys
Mark Mahoney Cassiani Law Office, Wise Shepherd Law Office

Re: Can they legally obtain this information

Hello,

Anytime a person gets an order from a court to do something, there is no option not to do it, unless you can go back before the court with a valid reason for not doing so.

It is up to you whether you make that call or not. You do have a good idea to make any agreements in writing. You may be able to keep some assets from creditors, but I cannot advise you specifically because I do not know all your facts and you have not retained me to be your lawyer.

For example, you may be able to protect the IRA but not the stock or your income from garnishment. But you may be able to come to a payment agreement with the creditor.

If you need help, feel free to email me.

Mark J. Mahoney

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Answered on 1/07/06, 5:21 pm


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