This is a model Judgment form, a Judgment Debtor^s Statement of Assets. The form must be completed to fit the facts and circumstances of whatever judgment the court has rendered. When signed by the Judge, the judgment becomes binding. USLF control number CA-SC-133
Daly City California Judgment Debtor's Statement of Assets
State:
California
City:
Daly City
Control #:
CA-SC-133
Format:
PDF
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Description
How to fill out California Judgment Debtor's Statement Of Assets?
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FAQ
In California, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest -- or to the debtor's personal property -- things like jewelry, art, antiques, and other valuables. (In some states, judgment liens can be attached to personal property only.)
Money judgments automatically expire (run out) after 10 years. To prevent this from happening, the creditor must file a request for renewal of the judgment with the court BEFORE the 10 years run out.
Law enforcement can seize any type of property. They can seize physical property like cars, boats, weapons, cash, drugs, drug paraphernalia, houses, and other real property. They may also seize non-physical property such as bank accounts, royalties, and proceeds from crimes.
'Debtor' refers not only to a goods and services client but also to someone who borrowed money from a bank or lender. For example, if you take a loan to buy your house, then you are a debtor in the sense of borrower, while the bank holding your mortgage is considered to be the creditor.
Writ of Execution (EJ-130) Tells the sheriff to take action to enforce a judgment. Used with instructions to the sheriff to levy bank accounts, garnish wages, or take possession of personal property. Get form EJ-130. Revised: September 1, 2020. View EJ-130 Writ of Execution form.
However, exempt property in a California bankruptcy is generally described as: Your main vehicle. Your home. Personal everyday items. Retirement accounts, pensions, and 401(k) plans. Burial plots. Federal benefit programs. Health aids. Household goods.
Debtors are people or companies that owe you money. They are also known as your 'accounts receivable'. When somebody owes you an amount, it's basically just a promise to pay the amount back with interest. With debtors, they are considered your asset because you can collect this money whenever you want.
You can use an information subpoena to find a judgment debtor's assets. You can use the pre-printed questions on the subpoena or write your own questions. The Small Claims Court Clerk may provide you an information subpoena for a small fee, you can also find this on the internet for free.
Therefore, you must know which of your assets can be seized by a judgment creditor....Assets that creditors can seize Bank accounts. Investment accounts. Inheritances. Assets owned by your spouse. Personal homes (different from state to state) Rental properties. Vehicles. Business equipment.
Bank customers are debtors if they have a loan or owe the bank. Customers that buy goods or services and pay on the spot are not debtors. However, customers of companies that provide goods or services can be debtors if they are allowed to make payment at a later date.