Re: Begoodorelse

Posted by Why Chat (209.240.205.61) on March 08, 2004 at 15:01:58:

In Reply to: Begoodorelse posted by J on March 08, 2004 at 13:44:17:

It is POSSIBLE, but highly doubtful, IF your husband had a judgmnt filed against him, and IF he was required to answer a disclosure stating all his assets, and IF he had to use his $3,500 homestead exemption, then yes,the car COULD possibly be seized (if your husbands name is on the registration also) and sold at auction.

However, you would need to consider the wholesale value of the car, not retail, give 50% to your son, deduct the $1,500 car exemption ( + $3,500 if your husband did not use his homestead exemption) and see if there is anything left,if what is left is more than 60% of the judgment amount, then it is POSSIBLE.

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