Closed bank account details available to creditor?

[debrik54]

What is the name of your state? Florida

I often deposit the cash gifts that I receive into my noninterest-bearing personal checking accounts with banks in some others states (states other than Florida) in the USA. I am facing lawsuit for over two years. As soon as the lawsuit is filed, I closed all these bank accounts and transferred the money to my trusted friends’ bank accounts and fully destroyed those documents. Now I have no documents related to those bank accounts. Also, now I have no bank accounts except a single account which is exclusively to receive my social security benefits. A month ago, I lost the lawsuit, and the creditor conducted debtor interview in which I was NOT asked about any closed bank accounts. However, I submitted the bank records for my social security account alone, as that is the only one currently active. Is there any way the creditor will know about those closed bank accounts and the money transfers I made to my friends almost two years ago from these accounts? If so, how?

IRS never contacted me about these accounts.

 

[adjusterjack]

1 - Fraudulent transfers. Creditor can go after your friends.
2 - Possible perjury. Third degree felony. Up to 5 years in prison. Likely fines as well.

I have no idea HOW the creditor might find out, but if it does, you are in a world of hurt.

Or, you might just skate.

No way to predict.

 

[debrik54]

Thanks.

 

[Zigner]

I have no idea HOW the creditor might find out, but if it does, you are in a world of hurt.

Hopefully the creditor browses through internet legal advice forums.

 

[zddoodah]

As soon as the lawsuit is filed, I closed all these bank accounts and transferred the money to my trusted friends’ bank accounts and fully destroyed those documents.

So...upon being sued, you gifted all of your cash assets to a friend? Why?

Is there any way the creditor will know about those closed bank accounts and the money transfers I made to my friends almost two years ago from these accounts? If so, how?

The creditor might be monitoring your online activity and might stumble upon this thread. Beyond that, I don't care to speculate about hypothetical situations.

IRS never contacted me about these accounts.

Why would it?

 

[quincy]

What is the name of your state? Florida
... I closed all these bank accounts and transferred the money to my trusted friends’ bank accounts ... Is there any way the creditor will know about those closed bank accounts and the money transfers I made to my friends almost two years ago from these accounts? If so, how? ...

So ... when your “trusted friend” decides to spend all of the money you deposited in his/her account or refuses to give it back, what do you intend to do?

 

[debrik54]

Thanks to all responses. Let me better organize my question.

Without contacting individual banks separately, is there any other way for a creditor to get evidences/records about my past bank account details? In other words, is there any way the creditor can submit one request and that request will be send to all the banks in a specific city, specific state, or the entire USA?

 

[Zigner]

Thanks to all responses. Let me better organize my question.

Without contacting individual banks separately, is there any other way for a creditor to get evidences/records about my past bank account details? In other words, is there any way the creditor can submit one request and that request will be send to all the banks in a specific city, specific state, or the entire USA?

I really don't think it's wise for any of us to assist you in your attempts to defraud the creditor.

 

[Zigner]

For reference, here is the Florida Law on fraudulent transfers:

http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0726/0726.html

 

[zddoodah]

is there any way the creditor can submit one request and that request will be send to all the banks in a specific city, specific state, or the entire USA?

No.

 

[quincy]

Thanks to all responses. Let me better organize my question.

Without contacting individual banks separately, is there any other way for a creditor to get evidences/records about my past bank account details? In other words, is there any way the creditor can submit one request and that request will be send to all the banks in a specific city, specific state, or the entire USA?

One request/subpoena issued to a bank by your creditor will not get the creditor information from other banks.

Your friend revealing the “secret” deposits to others should probably be your biggest worry. If anyone questions your friend about his ballooning bank balance, he might find it necessary (or smart) to tell the truth.

Judgments are collectible for 5 years and renewable for an additional 5 years. Ten years is a long time to hide assets - and to rely on the continued goodwill of your friend. How much do you owe the creditor?

https://dos.myflorida.com/sunbiz/forms/judgment-lien/collect-judgment

 

[debrik54]

Again thanks.

 

[Litigator22]

What is the name of your state? Florida

I often deposit the cash gifts that I receive into my noninterest-bearing personal checking accounts with banks in some others states (states other than Florida) in the USA. I am facing lawsuit for over two years. As soon as the lawsuit is filed, I closed all these bank accounts and transferred the money to my trusted friends’ bank accounts and fully destroyed those documents. Now I have no documents related to those bank accounts. Also, now I have no bank accounts except a single account which is exclusively to receive my social security benefits. A month ago, I lost the lawsuit, and the creditor conducted debtor interview (?) in which I was NOT asked about any closed bank accounts. However, I submitted the bank records for my social security account alone, as that is the only one currently active. Is there any way the creditor will know about those closed bank accounts and the money transfers I made to my friends almost two years ago from these accounts? If so, how?

IRS never contacted me about these accounts.

Please don't take us as fools by trying to make light of what you describe as a "creditor-conducted-debtor-interview" as if it were an informal chit-chat without significant consequences. You were being examined under oath with penalty of perjury pursuant to a formal deposition before a court reporter. *

And if you think you can sell us on the idea that the judgement creditor's attorney put his client to the expense of taking your deposition was so remiss as to fail to ask you to divulge the nature and whereabouts of any and all assets to which you can claim any right, title or interest, then think again.

[*] Fla. R. Civ. P. 1.570 Enforcement of final judgments.(e) Proceedings supplementary, etc. etc.

 

[debrik54]

The creditor’s attorney asked me, during the debtor interview, about my existing bank accounts and I gave the details of my bank account which is exclusively for my social security deposits, as I have no other bank accounts now. The attorney did not ask me anything about closed bank accounts or past accounts.


Have you given, sold, loaned, or transferred any real or personal property worth more than $100 to any person in the last year? I answered NO because I transferred money to my friends two years ago.


Does anyone owe you money? I answered NO (because I did not transfer that money to my friends as loan)

Please note that my personal bank accounts that I closed two years ago, when this lawsuit was filed (and which I lost around a month ago), have only one money transaction: I opened all of them with cash (currency) (long before this lawsuit was filed) and the only transaction from each of those accounts was transferring money from those accounts to my friends’ accounts when those accounts were closed after the lawsuit was filed. Also note that all those accounts were in other states. Although I opened those accounts (before the lawsuit was filed) using cash, IRS never contacted me about those accounts.

 

[PayrollHRGuy]

Does anyone owe you money? I answered NO (because I did not transfer that money to my friends as loan)

This was a lie. You clearly expect it to be returned to you. You have not gifted this to your co-conspirator ... I mean friend.