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
Downey California Judgment Debtor's Statement of Assets
State:
California
City:
Downey
Control #:
CA-SC-133
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form
Description
How to fill out California Judgment Debtor's Statement Of Assets?
Utilize the US Legal Forms and gain immediate access to any document you require.
Our efficient platform with a wide array of documents streamlines the method for locating and acquiring nearly any document template you may need.
You can download, complete, and validate the Downey California Judgment Debtor's Statement of Assets in mere minutes instead of spending hours on the Internet searching for the correct template.
Leveraging our collection is an excellent approach to enhance the security of your document submissions.
Moreover, you can access all the previously saved documents in the My documents section.
If you haven't created an account yet, follow the instructions below.
- Our knowledgeable attorneys regularly review all documents to ensure that the templates are applicable for a specific state and meet current laws and regulations.
- How can you retrieve the Downey California Judgment Debtor's Statement of Assets.
- If you possess a subscription, simply Log In to your account. The Download option will be visible on all the documents you explore.
Form popularity
FAQ
'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.
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.
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.
You should pay the judgment against you as soon as it becomes final. If you do not pay, the creditor can start collecting the judgment right away as long as: The judgment has been entered. You can go to the court clerk's office and check the court's records to confirm that the judgment has been entered; and.
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.
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.
How do I collect my money? If you know where the Judgment Debtor banks, you can ask the Sheriff to collect money from their account (bank account levy). If you know where the Judgment Debtor works, the Sheriff can collect 25% of the debtor's wages each pay period until your judgment is paid in full (wage garnishment).
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.)
You can go to the court clerk's office and check the court's records to confirm that the judgment has been entered; and. There is no stay (suspension or postponement) on enforcement of the order because of an appeal, a stay from a bankruptcy, or other legal action.