Post-Judgement Discovery – When a Creditor Want To See Your Assets

If a creditor successfully obtains a judgement against a debtor, the next step in the legal process is for post-judgment discovery to occur.  This is also sometimes referred to as discovery in aid of execution, and it is through this process that creditors typically get a glimpse of the assets owned by judgement debtors.  Such assets usually include liquid assets like cash, stocks and bonds, interests in business entities (e.g. corporations, limited liability companies, or family limited partnerships), retirement plans (e.g. IRA accounts), asset protection trusts, and real estate.

See the whole story by my associate Douglass Lodmell here: http://www.lodmell.com/post-judgement-discovery-creditor-want-to-see-your-assets

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