gregory675
Member
What is the name of your state? Florida
I was facing a lawsuit filed in 2016 and lost it in 2020. have no assets to pay to the creditor as I have been doing a single job and I am head-of-family, my wife and children depends on me for financial help. I collect each pay check from my employer and cash it somewhere and spend it for our living. The creditor never came after me until now, to collect judgment money, after knowing my financil status and the way I operate. However, they can come at any time (but they will not get any money from me as I have nothing to pay).
I was contributing around 8% of my income to my 401(k) until the middle of the year 2019. However, I reduced it to 5% from the middle of 2019 until now as I needed more take home money. Now, if I increase that contribution back to its old level of 8%, will it be counted fraudulent transfer Chapter 726 or fraudulent conversion Chapter 222 if the judgment creditor come after me any time after that increase?
I was facing a lawsuit filed in 2016 and lost it in 2020. have no assets to pay to the creditor as I have been doing a single job and I am head-of-family, my wife and children depends on me for financial help. I collect each pay check from my employer and cash it somewhere and spend it for our living. The creditor never came after me until now, to collect judgment money, after knowing my financil status and the way I operate. However, they can come at any time (but they will not get any money from me as I have nothing to pay).
I was contributing around 8% of my income to my 401(k) until the middle of the year 2019. However, I reduced it to 5% from the middle of 2019 until now as I needed more take home money. Now, if I increase that contribution back to its old level of 8%, will it be counted fraudulent transfer Chapter 726 or fraudulent conversion Chapter 222 if the judgment creditor come after me any time after that increase?