Home › Forums › Financial Markets/Economics › Is a house in CA sheltered from a personal lawsuit?
- This topic has 110 replies, 12 voices, and was last updated 13 years, 1 month ago by Leorocky.
-
AuthorPosts
-
February 28, 2011 at 10:56 AM #673154February 28, 2011 at 11:40 AM #672012LeorockyParticipant
IIRC OJ never filed BK. Since the civil judgement agianst him was due to his own actions (i.e. not just negligence) it can’t be wiped out in BK.
For example, you hit someone with your car and seriously inujure them. If you are sober and it’s a pure accident you can usually have any judgement thrown out in a bk. If you were drunk or there was any kind of criminal element it’s different.
The primary residence exemption in unlimited in FLA, in CA it only goes up to I think $125k if you have eldery or diasbled people living with you.
A self settled trust gives no additional protection. However, it is very difficult to force the sale of a primary residence in CA. I have been told this by several lawyers.
February 28, 2011 at 11:40 AM #672075LeorockyParticipantIIRC OJ never filed BK. Since the civil judgement agianst him was due to his own actions (i.e. not just negligence) it can’t be wiped out in BK.
For example, you hit someone with your car and seriously inujure them. If you are sober and it’s a pure accident you can usually have any judgement thrown out in a bk. If you were drunk or there was any kind of criminal element it’s different.
The primary residence exemption in unlimited in FLA, in CA it only goes up to I think $125k if you have eldery or diasbled people living with you.
A self settled trust gives no additional protection. However, it is very difficult to force the sale of a primary residence in CA. I have been told this by several lawyers.
February 28, 2011 at 11:40 AM #672683LeorockyParticipantIIRC OJ never filed BK. Since the civil judgement agianst him was due to his own actions (i.e. not just negligence) it can’t be wiped out in BK.
For example, you hit someone with your car and seriously inujure them. If you are sober and it’s a pure accident you can usually have any judgement thrown out in a bk. If you were drunk or there was any kind of criminal element it’s different.
The primary residence exemption in unlimited in FLA, in CA it only goes up to I think $125k if you have eldery or diasbled people living with you.
A self settled trust gives no additional protection. However, it is very difficult to force the sale of a primary residence in CA. I have been told this by several lawyers.
February 28, 2011 at 11:40 AM #672822LeorockyParticipantIIRC OJ never filed BK. Since the civil judgement agianst him was due to his own actions (i.e. not just negligence) it can’t be wiped out in BK.
For example, you hit someone with your car and seriously inujure them. If you are sober and it’s a pure accident you can usually have any judgement thrown out in a bk. If you were drunk or there was any kind of criminal element it’s different.
The primary residence exemption in unlimited in FLA, in CA it only goes up to I think $125k if you have eldery or diasbled people living with you.
A self settled trust gives no additional protection. However, it is very difficult to force the sale of a primary residence in CA. I have been told this by several lawyers.
February 28, 2011 at 11:40 AM #673169LeorockyParticipantIIRC OJ never filed BK. Since the civil judgement agianst him was due to his own actions (i.e. not just negligence) it can’t be wiped out in BK.
For example, you hit someone with your car and seriously inujure them. If you are sober and it’s a pure accident you can usually have any judgement thrown out in a bk. If you were drunk or there was any kind of criminal element it’s different.
The primary residence exemption in unlimited in FLA, in CA it only goes up to I think $125k if you have eldery or diasbled people living with you.
A self settled trust gives no additional protection. However, it is very difficult to force the sale of a primary residence in CA. I have been told this by several lawyers.
-
AuthorPosts
- You must be logged in to reply to this topic.