- Joined
- Jul 26, 2009
- Messages
- 19,035
- Reaction score
- 8
That's not true - Zimmerman will require to pay the civil lawsuit claim, so it means he has to give some of asset to pay, or court could garnish the wage, seizing the bank account, lien on properties.
Only escape from pay is file for bankruptcy.
I don't have any sympathy for him and his life will never same as before.
Again,
If he loses a judgement CERTAIN assets are untouchable.
Florida law provides many ways to protect assets from creditors. People anticipating substantial civil judgments often move from other states to Florida to become a Florida resident for asset protection purposes. The most important and well-known Florida protection is the homestead exemption. Florida Statutes exempt many types of financial assets from creditor execution. Florida also protects property owned jointly by a husband and wife from the creditors of either spouse. Limited partnerships and LLCs are used for asset protection because the creditor has limited collection rights against the debtor’s ownership interest in these types of business entities.
Florida asset protection law
Generally speaking, gifts are not attachable as well.