WHAT ASSETS CAN WE SEIZE?
The life of a Judgment in Florida is 20 years
If you have a Judgment in excess of $500.00 based on an Auto Negligence lawsuit you can also suspend the Defendant’s driver’s license for the life of a Judgment
FLORIDA IS COMMONLY KNOWN AS A DEBTOR'S STATE. YOU CAN SEIZE EVERYTHING BUT FOR THE FOLLOWING:
Any property that is jointly owned unless both parties are named on the Judgment
The first $1,000.00 of personal property
The primary residence (called Homestead), this does not include houseboats and sailboats
Wages of a Florida resident who is the “head of the family”, meaning one who provides more than ½ of the support for a child of other dependent
Life Insurance proceeds
Cash Surrender Value of Life Insurance policies and Annuity Contracts
Disability Income benefit
Pension money and Retirement or Profit-Sharing benefits
Money placed in a pre-paid post-secondary education expense trust fund
Assets held in trust