S
sueinca
Guest
What is the name of your state? Calfiornia
Several years ago my dad put my brother as an authorized user on 3 of his credit cards. My dad never used these cards and the balances belonged to my brother. In the past year, my brother has not made any payments and one of the credit cards is now suing my dad for an approx balance of $15,000. My dad is a ill senior citizen, with very few assets. In July of this year, his house was transferred to his childrens names. He does have a few stocks that amount to less than $5000. He owns an 1988 Chevy Pick Up and a very old boat. He is dependent upon Social Security for his income.
It has been suggested that if the collection agency wins a judgment, that my dad could lose his truck, his boat, anything that he may have in his safety deposit box and even though Social Security is not garnishable, once it goes into his checking account, it can be taken.
I need to know what, if anything, can be taken from my dad and what is exempt. Also, since my dad never used these credit cards, is there any way to transfer the debt to my brother?
Thank you!
Several years ago my dad put my brother as an authorized user on 3 of his credit cards. My dad never used these cards and the balances belonged to my brother. In the past year, my brother has not made any payments and one of the credit cards is now suing my dad for an approx balance of $15,000. My dad is a ill senior citizen, with very few assets. In July of this year, his house was transferred to his childrens names. He does have a few stocks that amount to less than $5000. He owns an 1988 Chevy Pick Up and a very old boat. He is dependent upon Social Security for his income.
It has been suggested that if the collection agency wins a judgment, that my dad could lose his truck, his boat, anything that he may have in his safety deposit box and even though Social Security is not garnishable, once it goes into his checking account, it can be taken.
I need to know what, if anything, can be taken from my dad and what is exempt. Also, since my dad never used these credit cards, is there any way to transfer the debt to my brother?
Thank you!