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Judgment Debtor Statement of Assets Form State Legal Forms

Judgment Debtor Statement of Assets Form State Legal Forms

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welcome to the five-minute legal master series where expert attorneys help you master important legal topics today board-certified creditors rights and business bankruptcy attorney robert s bernstein discusses post-judgment discovery of assets once a judgment has been obtained then of course unless the debtor voluntarily pays the lawyer has to figure out how to enforce it the most obvious way to enforce it is to find some asset that can be levied on have the sheriff or the marshall sell in order to get money to pay the judgment this has the effect not only of creating a pot of money but also the the act itself might convince the debtor that it's time to pay so virtually every state has rules that permit the judgment creditor to inquire of various parties or persons about assets of the debtor the rules generally allow the deposition or the taking of testimony under oath of any person does not have to be a party to the case does not have to be the defendant or related to the defe

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