Actually a lot of people can use the Garnishment Law. It goes like this the person only declares a weekly salary of $275.00, the balance of his salary is paid off the books. Which is why being self employed in a cash business is needed. Although there are plenty of jobs that pay off the books also. This will also allow you to go on government programs should you want to.
In Florida your house is totally exempt so if you claim residence there you buy a house there and sell your assets and own it free and clear.
As far as having equity in car, most cars are leased and those that buy a car, mostly finance the car so if you take the car you are going to have to pay the finance company and the owner if he knows you are going to claim it wouldn’t be making payments so there maybe no equity.
If you think collecting is so easy speak to Fred Goldman . He got a $33.5 million judgement against OJ Simpson and has only been able to collect about $132,000.00. The amount owed now 25 years later is about $60 million. I am sure he will split it with you, he gets $50 million and you can keep the rest.
Menu