Closed bank account details available to creditor?

[debrik54]

You can call it a lie if you wish, I do not argue.
However, I transferred below 15K to each of my friends therefore I am not obligated to report to IRS, and I have no agreement with my friends to return this money to me. However, I know that, If I am in financial need, my friends will gift me.

 

[PayrollHRGuy]

You can call it a lie if you wish, I do not argue.
However, I transferred below 15K to each of my friends therefore I am not obligated to report to IRS, and I have no agreement with my friends to return this money to me. However, I know that, If I am in financial need, my friends will gift me.

The IRS has nothing to do with this. You have money being held by friends. It is no different than you hiding it under the bed.

 

[Zigner]

Deadbeats gonna deadbeat.

 

[quincy]

You can call it a lie if you wish, I do not argue.
However, I transferred below 15K to each of my friends therefore I am not obligated to report to IRS, and I have no agreement with my friends to return this money to me. However, I know that, If I am in financial need, my friends will gift me.

You are putting way too much trust in your friends. I suspect that these transactions will be discovered and you will have to pay the creditor what you owe.

 

[debrik54]

Thanks again.

Can the creditor use this Florida judgment (which made me a debtor) and subpoena the banks located outside of Florida (and have no offices in Florida), unless the creditor domesticates the judgment in other states? If yes, then the creditor has to domesticate the judgment in other states then send subpoena to banks (without knowing in which banks I had bank accounts in the past: there are around 4000 banks in US) about my past account details, which is really a lengthy job thereby finding about my past bank accounts is a very difficult job for the creditor.

 

[Litigator22]

You are putting way too much trust in your friends. I suspect that these transactions will be discovered and you will have to pay the creditor what you owe.

I have a suspicion as well, Q.

Had the OP been asked if someone else was holding property to his credit he would have cleverly denied it; rationalizing that a bank is not someone and he's never seen one with hands.

 

[not2cleverRed]

I have no agreement with my friends to return this money to me. However, I know that, If I am in financial need, my friends will gift me.

And if they've spent the money already?

 

[Zigner]

Thanks again.

Can the creditor use this Florida judgment (which made me a debtor) and subpoena the banks located outside of Florida (and have no offices in Florida), unless the creditor domesticates the judgment in other states? If yes, then the creditor has to domesticate the judgment in other states then send subpoena to banks (without knowing in which banks I had bank accounts in the past: there are around 4000 banks in US) about my past account details, which is really a lengthy job thereby finding about my past bank accounts is a very difficult job for the creditor.

Why should any of us help you further your fraud?

 

[quincy]

Thanks again.

Can the creditor use this Florida judgment (which made me a debtor) and subpoena the banks located outside of Florida (and have no offices in Florida), unless the creditor domesticates the judgment in other states? If yes, then the creditor has to domesticate the judgment in other states then send subpoena to banks (without knowing in which banks I had bank accounts in the past: there are around 4000 banks in US) about my past account details, which is really a lengthy job thereby finding about my past bank accounts is a very difficult job for the creditor.

How much is the judgment? If you owe a significant amount of money, the creditor is likely to pursue all options available. Time is on your creditor’s side here.

 

[debrik54]

I don't think there is any fraud involved here. The judgment almost equals three year amount of my social security payments.

Can the creditor use this Florida judgment (which made me a debtor) and subpoena the banks located outside of Florida (and have no offices in Florida), unless the creditor domesticates the judgment in other states?

 

[quincy]

I don't think there is any fraud involved here. The judgment almost equals three year amount of my social security payments.

Can the creditor use this Florida judgment (which made me a debtor) and subpoena the banks located outside of Florida (and have no offices in Florida), unless the creditor domesticates the judgment in other states?

How much exactly is the judgment?

Your social security payments would generally not be a problem. It is hiding assets that is the problem - but this includes a potential problem with the social security benefits you are currently receiving. From where are these extra funds you are depositing in friends’ accounts coming?

Your asset-hiding is sounding more and more like fraud.

Your creditor is likely to find the hidden assets, and the government may have some uncomfortable questions for you, as well.

 

[PayrollHRGuy]

I don't think there is any fraud involved here. The judgment almost equals three year amount of my social security payments.

Can the creditor use this Florida judgment (which made me a debtor) and subpoena the banks located outside of Florida (and have no offices in Florida), unless the creditor domesticates the judgment in other states?

And you moved the money across state lines so that possibly makes any fraud a federal offense.

If I were you I'd stop talking about this. IP addresses are subject to subpoena.

 

[Zigner]

I don't think there is any fraud involved here.

I posted the law that shows that your actions, BY DEFINITION, are fraud.

 

[PayrollHRGuy]

I posted the law that shows that your actions, BY DEFINITION, are fraud.

Let's not forget perjury as well.

 

[quincy]

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

A refresher course.

And here is how social security benefit amounts can be affected:

https://www.ssa.gov/benefits/retirement/planner/whileworking.html

And then there are tax returns ..,