we have a judgement against us from regions bank for 70k, a home equity loan,and they are attempting a compel discovery.Is there any way to avoid full disclosure of private acct.numbers etc
Country relating to Question: United States
State (if USA): Florida
we requested a reconsideration,and have a hearing scheduled for Aug 2 with the judge and plaintiff
Good evening,I'm sorry to hear of the situation.After a judgment has been entered against you, there is no limitation---or privacy recognized---for the identifying information of the assets that you own. That includes all bank accounts, trust identification annuities and all other non-exempt assets.Retirement accounts, 401K's retirement IRA's and even annuities in FL, are exempt from creditor collection efforts and you need not disclose that information.If you have significant cash in banks or other accounts, consider immediately withdrawing all of the money within hours of being forced to disclose that information---and place it into a new account at a different institution. You can play the game more quickly then they can---so if you are diligent, there is little reason for your assets to be seized.You may reply back to me using the Reply to Expert link if you have additional questions; and if you do, I ask that you please keep in mind that I do not know what you may already know or with what you need help, unless you tell me.Kindly take a moment to rate my service to you based on the understanding of the law I provided. Please understand that I have no control over the how the law impacts your particular situation, and I trust you agree that it would be unfair for me to be punished by a (negative rating) ----the first 2 stars/faces----for having been honest with you about the law.I wish you the best in 2012,Doug
I am a practicing attorney with more than 27 years of experience in the legal field.
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