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
Riverside California Judgment Debtor's Statement of Assets: A Comprehensive Guide In Riverside, California, when a judgment is issued against a debtor, the court may require the debtor to complete a Judgment Debtor's Statement of Assets. This statement is a crucial document used to assess the debtor's financial situation, its purpose being to aid in the collection of the judgment by the creditor. The Riverside California Judgment Debtor's Statement of Assets is designed to provide a detailed snapshot of the debtor's assets, liabilities, income, and expenses. By gathering this information, the court can determine the most appropriate collection methods, such as wage garnishment, bank levies, or property liens, to satisfy the outstanding judgment. This statement is often divided into several sections, each covering different aspects of the debtor's financial condition. Key sections commonly found in the Riverside California Judgment Debtor's Statement of Assets include: 1. Personal Information: This part requires the debtor to provide basic personal details, such as their full name, address, contact information, and social security number. These details help to identify and verify the debtor's identity. 2. Income and Employment: Here, the debtor needs to disclose their source(s) of income, including wages, salaries, self-employment earnings, rental income, government benefits, and any other regular income sources. Additionally, information about their current employer, job position, and work address should be provided. 3. Assets: This section seeks information about the debtor's assets. It includes bank account details, real estate properties owned, investments, vehicles, valuable personal property (jewelry, artwork, etc.), and any other significant assets. The debtor must provide accurate descriptions, approximate values, and any liens or encumbrances associated with them. 4. Liabilities: Debtors are required to list all their outstanding debts, such as mortgages, car loans, student loans, credit card balances, and other obligations. Details, including the name of the creditor, the amount owed, monthly payment, and the nature of the debt, should be provided for each liability. 5. Monthly Expenses: This part focuses on the debtor's recurring monthly expenses, including rent/mortgage, utilities, insurance, transportation costs, childcare, healthcare expenses, and other necessary living expenses. Detailed breakdowns of expenses will help the court assess the debtor's financial ability to repay the judgment. It is important to note that the Riverside California Judgment Debtor's Statement of Assets may have variations based on the specific court or judgment circumstances. However, these key sections generally provide a comprehensive overview of the debtor's financial situation. Different types or versions of the Riverside California Judgment Debtor's Statement of Assets may exist based on the specific court or judgment collection practices within Riverside County. However, regardless of the specific form used, the purpose of all variations is to establish a clear understanding of the debtor's financial condition and facilitate the creditor's collection efforts.
