I paid a local contractor for home improvement services in full. The contractor failed to finish the work they was paid for. My lawyer has filed suit against the contractor (and many other lawyers have in the past) and my lawyer is about to be awarded a default judgment. This is where it get's interesting, from a legal prospective.
This contractor is married and has set up a 'trust' for his business and has listed his wife in charge of the 'trust'. That said, this contractor was sued before for pretty much the same thing that I am suing him for. Researching past court dockets from those lawsuits I've learned that a judge presiding over one of those lawsuits ruled that a debtors exam could not be held for this contractors wife stating that (the wife has nothing to do with the lawsuit).
The question remains, if a contractor places all his assets into a trust that his wife manages then wouldn't it be true that this contractor as a result is 'uncollectable'?.
If that contractor if sued has no assets under his direct possession (he has placed all his assets into this trust ran by his wife) then he truly is, uncollectable. Correct?.
How do you get around this??...
This contractor is married and has set up a 'trust' for his business and has listed his wife in charge of the 'trust'. That said, this contractor was sued before for pretty much the same thing that I am suing him for. Researching past court dockets from those lawsuits I've learned that a judge presiding over one of those lawsuits ruled that a debtors exam could not be held for this contractors wife stating that (the wife has nothing to do with the lawsuit).
The question remains, if a contractor places all his assets into a trust that his wife manages then wouldn't it be true that this contractor as a result is 'uncollectable'?.
If that contractor if sued has no assets under his direct possession (he has placed all his assets into this trust ran by his wife) then he truly is, uncollectable. Correct?.
How do you get around this??...