GrumpyWillis
New Member
- Jurisdiction
- Tennessee
Hello, i am being sued for roughly $4000 for a credit card I defaulted on in late 2017. I have become disabled since then and cannot work and have zero income. I am married and my wife has a job but she will not pay this debt and she isn't responsible for it.
I do have about $6,000 in my savings from an inheritance last year that I'm using to pay for my wife's masters degree, in fact we are about to make a $2k payment out of it in a week. And I have a car worth about $3800. I can't have the money used to pay this debt it is needed to pay for my wife's school.
My question is can I use the Tennessee $10,000 wildcard exemption and put on the form $6200 for my bank account and $3800 for my car? And would this exempt the debt collector from being able to collect on these if I did so? Most everything I see relates this exemption to bankruptcy but it seems the exemption is good for most any situation according to the form. Also when would I submit this form? When I submit my answer for the lawsuit or after that if and when a judgement is granted?
I have no other major assets besides these two things and like said before, zero income for the rest of my life most likely.
thanks in advance
Thanks
I do have about $6,000 in my savings from an inheritance last year that I'm using to pay for my wife's masters degree, in fact we are about to make a $2k payment out of it in a week. And I have a car worth about $3800. I can't have the money used to pay this debt it is needed to pay for my wife's school.
My question is can I use the Tennessee $10,000 wildcard exemption and put on the form $6200 for my bank account and $3800 for my car? And would this exempt the debt collector from being able to collect on these if I did so? Most everything I see relates this exemption to bankruptcy but it seems the exemption is good for most any situation according to the form. Also when would I submit this form? When I submit my answer for the lawsuit or after that if and when a judgement is granted?
I have no other major assets besides these two things and like said before, zero income for the rest of my life most likely.
thanks in advance
Thanks