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I am a judgment debtor in Florida. Once the lawsuit was initiated, I transferred all the money from my bank account to my wife’s bank account and then she spent part of that money for our household expenses and she transferred the remaining money from her account back to my account. I moved all that money to Asia just two months prior to the final judgment to pay the medical expenses to my mother. We have a tenancy by entirety (TBE) property and TBE bank account in the US. I have three questions. (i). Is it possible for the creditor to include my wife in the fraudulent transfer matters (because she received money from me initially and, of course, she transferred most of it back to me)? (ii). If Creditor proves that the money transfer to Asia is fraudulent transfer then what sanctions/punishments the Florida court can impose on me or my wife? (iii). The TBE property and TBA account: are they safe from creditor (TBE property was purchase long before the lawsuit was filed. TBE bank ac
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aaahhhhh the price of out smarting yourself. These are all questions you should have asked PRIOR to shuffling the money around and starting the shell game. YOu will simply need to spend a good bit of money hiring a lawyer to sort this out in detail and answer your questions in similar fashion.
Answered on Jun 01st, 2016 at 11:38 AM