What is a Fact Information Sheet from the St. Lucie County Clerk?

Definition and Purpose of the Fact Information Sheet

A Fact Information Sheet from the St. Lucie County Clerk is a sworn financial disclosure form mandated by Florida law. It is primarily used by individuals who owe a judgment debt. This form requires detailed information about a person's financial situation, including income, assets, and liabilities. The purpose of this document is to assist creditors in understanding a debtor's financial status to facilitate the collection of debts. Failure to complete or submit this form can lead to legal consequences, including court actions against the debtor.

How to Obtain the Fact Information Sheet

Individuals can obtain the Fact Information Sheet from the St. Lucie County Clerk's office in several ways:

• In-Person: Visit the St. Lucie County Clerk's office to request a physical copy of the form.
• Online: Access the official St. Lucie County Clerk's website, where the form may be available for download.
• By Mail: Request a copy of the form through the mail by contacting the Clerk's office directly.

Filling Out the Fact Information Sheet

Completing the Fact Information Sheet involves providing accurate and comprehensive details about your financial situation. The form typically includes sections for:

• Personal Information: Name, address, Social Security Number, and employment details.
• Income Sources: Documenting all income sources, including wages, rental income, and any government benefits.
• Assets: Listing all assets such as bank accounts, real estate, vehicles, and other valuable property.
• Liabilities: Detailing all debts, including loans, credit card debts, and any other financial obligations.

Steps to Complete the Fact Information Sheet

To effectively complete the Fact Information Sheet, follow these steps:

1. Gather Documentation: Collect all necessary financial documents, including pay stubs, bank statements, and property titles.
2. Fill Out Personal Information: Accurately enter your name, address, and other identifying details.
3. Detail Your Income: List all sources of income, ensuring to include amounts and frequency.
4. List Your Assets: Provide detailed information about your assets, including current values.
5. Document Your Liabilities: Clearly outline all debts and obligations.
6. Review and Sign: Double-check the completed form for accuracy before signing it under oath.

Who Uses the Fact Information Sheet?

The Fact Information Sheet is typically used by:

• Debtors: Individuals who have been ordered by the court to disclose their financial information.
• Creditors: Entities or individuals seeking to collect debts from a debtor.
• Attorneys: Legal representatives involved in debt collection cases.

Key Elements of the Fact Information Sheet

Important elements of the Fact Information Sheet include:

• Personal Identification: Essential for verifying the identity of the individual completing the form.
• Income Disclosure: Critical for assessing the debtor's ability to repay the debt.
• Asset Listing: Provides creditors with insight into what can be pursued for debt recovery.
• Liability Overview: Offers a complete picture of the debtor's financial obligations.

Legal Implications of the Fact Information Sheet

Completing the Fact Information Sheet has legal significance. It is a sworn statement, meaning that the information provided must be truthful and accurate. Misrepresentation or failure to disclose assets can lead to:

• Contempt of Court: Legal action can be taken against individuals who do not comply with court orders.
• Increased Debt Recovery Efforts: Creditors may pursue additional legal avenues to collect debts.
• Potential Fines: Courts may impose penalties for non-compliance or dishonesty.

Examples of Using the Fact Information Sheet

Real-world scenarios demonstrate the application of the Fact Information Sheet:

• Debt Collection Case: A creditor uses the completed form to assess a debtor's financial situation and determine the feasibility of repayment plans.
• Legal Proceedings: An attorney may rely on the information provided to negotiate settlements or pursue litigation.
• Financial Counseling: Individuals seeking financial advice may use the form to provide a comprehensive overview of their financial health.