Atlantic Mine, MI Bankruptcy Law Firms & Lawyers

body{font-family: Geneva,Arial,Helvetica,sans-serif;font-size:9pt;background-color: #ffffff;color: black;} If you deed the property to your daughter, the judgment still attaches to the property and she takes the real estate with the judgment debt. The judgment is good for 8 years from the date on entry and expires unless renewed prior to the expiration of 8 yrs. You may just want to sit tight until the time period runs. You can file a homestead exemption against the property but it doesn't protect you since there is ample equity to pay the judgment.

The bank was notified of your bankruptcy, but it's unlikely that the company that tows unlicensed cars knew. I assume that they were on the street where the law requires that cars have current licenses. In addition to not being able to sue the towing company, you might be socked with a huge storage bill since the cars are still in your name.

A judgment creditor can garnish the entire bank account. However, you might have a claim of exemption to challenge the garnishment. If the bank account is held as husband and wife and the judgment is only against one spouse, you might be able to claim the property is held as tenancy by the entireties which is not subject to the claim of the creditor. If you are the head of household with dependents, and if the bank account is from your wages, you can claim the account is exempt. Finally, there is a bankruptcy case that interprets the Florida statute to protect 3/4th of the wages account for a single person. A claim of exemption must be filed with the court. The creditor should be mailing you this notice with the notice of garnishment.