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Barrister
Barrister, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 34321
Experience:  Attorney,16 years experience in consumer protection areas
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I am being sued - can a paid in full timeshare be taken aw

Customer Question

I am being sued - can a paid in full timeshare be taken away
Submitted: 1 year ago.
Category: Consumer Protection Law
Expert:  Barrister replied 1 year ago.
Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.
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What is the reason you are being sued?
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Is it for delinquent fees for the timeshare?
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thanks
Barrister
Customer: replied 1 year ago.
no, - it is for negligence and insurance company denied claim
Customer: replied 1 year ago.
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Expert:  Barrister replied 1 year ago.
Ok, then if the person suing you wins their lawsuit, then they could come after any non-exempt assets that you have in order to collect. Exempt assets are things like 401K, IRAs, pensions, and other retirement accounts. Since a timeshare would not have any type of exemption, it could conceivably be seized and sold by the sheriff under a seizure order to have the proceeds applied to any judgment that the plaintiff got against you.
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thanks
Barrister

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