LawRato

Recovery for money more than my net worth.


06-Dec-2023 (In Recovery Law)
In case that the recovery of money rising from a business dispute goes beyond my networth. Can the assets of my mother and wife be seized. Please note that I transfer all my money from my salary into my mother's name from the start and all the properties have been registered in their name too. This was done much before the case happened. So in case that recovery goes through can they seize the money from them as that is no longer my property
Answers (1)

Answer #1
707 votes
Well, they can recover the money from your Self made Property only. However still, I would like to understand more facts relating to your case, so that, I can make you understand, how the Recovery Procedure works.
Helpful? LawRato LawRato

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."