Thank you for your response. I address each question individually:
1. Do I need to attend court or will he be able to postpone Or handle the issue out of court?
A: Because the order is to appear for an examination, you will be required to appear for it personally. The lawyer you hire can request that the examination take place at your home so as to place less of a burden on you physically.
2. Is there any impact on the sale of the business?
Potentially yes. A judgment creditor
can prevent a judgement debtor from selling an asset if the transfer is in any form designed to defeat the judgment creditor's right to collect liable assets. Thus, the judgment creditor may be able to look into the corporation's business records to make a determination on whether the corporate form has been respected. If there is evidence that the corporation is used for personal reasons (i.e., that you are using the business account for personal expenses, or that the business is a sham to hide your personal assets in), then the judgment creditor can "pierce the veil" and subject the corporation to liability on your personal debt. Assuming that you have respected the corporate form, then there will not be any affect on the actual sale. That being said, your receipt of any proceeds from the sale of the business will be subject to being seized by the judgment. Thus, you may need to set up a separate entity to receive the proceeds so that you do not come into possession
of them personally.
3. I thought individual disability policy's were exempt as well?
A: They are generally granted exemption. But the exemption is not automatic like it is for social security disability benefits
, and an application must be made to the court to grant the exemption.