Debtor changed joint bank account

[quincy]

Thank you Quincy.

You’re welcome, javan78. I hope you can eventually collect some of what you are owed.

If you do not decide to sell the debt to a collection agency so you can get immediate cash in your pocket (albeit less money than you are owed by the debtor), I guess the good news for you is that judgments last a long time in Florida (20 years) and are renewable (for another 20 years). Your debtor might be easier to collect from later if he acquires non-exempt assets.

Good luck.

 

[javan78]

Thanks Quincy, again.
If the responsibility is solely on me to prove that the 1st account (with bank X) was not TBE (and that is what I understood from the feedback I received from this forum) then I do agree that I have very slim or almost nothing chance of getting anything from him (at least for now)

 

[quincy]

Thanks Quincy, again.
If the responsibility is solely on me to prove that the 1st account (with bank X) was not TBE (and that is what I understood from the feedback I received from this forum) then I do agree that I have very slim or almost nothing chance of getting anything from him (at least for now)

A slim chance is not no chance but, yes, you understood correctly what we were saying.

I hope the collection prospects improve for you in the future.

Good luck.

 

[adjusterjack]

Thanks Quincy, again.
If the responsibility is solely on me to prove that the 1st account (with bank X) was not TBE (and that is what I understood from the feedback I received from this forum) then I do agree that I have very slim or almost nothing chance of getting anything from him (at least for now)

Make sure you record the judgment in the county where he lives on the slim chance that he may want to get a mortgage or refi and that may hang him up unless he addresses the debt.

 

[javan78]

much appreciated!

 

[quincy]

much appreciated!

If you get the opportunity to post back later with an update, we always like hearing how things turn out.

 

[Ohiogal]

https://forum.freeadvice.com/threads/is-it-fraudulent-transfer.661306/#post-3737661