Lost judgement and need help with asset protection (VA)
Here's the deal:
Without getting into the actual trial, I was just given a judge's opinion stating I owe $151k on a lost real estate lawsuit. We are currently working on filing a motion to reconsider based on a number of factual information that was incorrect, but I am concerned the judge will not change her opinion. Therefore I am planning for the worst and hoping for the best.
I have about 100k in equity in my home, vehicle debt breaks even with value, 13k in savings, and another 18k in investments.
Debt wise I have 30k in attorney's fees, 151k associated with the lost suit, 1k in credit debt, 13k in vehicle debt.
What is the best course of action I should take here? Is there anyway to salvage any assets I do have?
Posted Aug 17, 2017, 7:57 PM UTC