WebAnd, if you have other nonexempt property, you can apply the remaining $2,000 to that property. Or, you can use a wildcard exemption to increase an existing exemption. Example #2. If you have $5,000 worth of equity in your car, but your state only allows you to exempt $1,500 of its value, you will likely lose the car. http://jameslamos.com/2024/02/20/how-does-bankruptcy-affect-jointly-owned-property/

Can Judgment Creditors Seize Jointly Owned Property - ExpertLaw

WebThe defendant's wife co-owned the car and protested its forfeiture. The Supreme Court ruled that the car could be seized, despite the wife's having no knowledge of her … WebJul 27, 2024 · The creditor may attach the lien to marital property, which clouds the title, but the lien will only be satisfied if the couple voluntarily sells the joint property. Marital property is owned as a tenancy by the entirety. If the married couple becomes divorced or if one spouse dies, the joint ownership reverts to tenants in common. crypto fool.com

Can a Judgement Against You Affect Your Spouse in Florida?

WebAug 11, 2024 · Liens. With the judgment in hand, a judgment creditor now has the means to obtain a lien known as a judgment lien. It can place a lien on real property such as a … WebJointly owned property can include equity in a jointly owned house, household goods, jointly owned vehicles, and jointly owned bank accounts, retirement plans, and stocks or mutual funds. As you may have guessed, for property that has a title document, such as real estate and vehicles, whose name is on the title indicates who owns the property ... WebJan 18, 2024 · However, if the court determines that the seized property should remain forfeited then the authorities that initially seized the property may retain it. Property will generally remain forfeited if it is found by the court to be directly or indirectly related to illegal drugs (e.g. a home or car purchased with the proceeds from drug sales). crypto fomo