Case: In re Marriage of Xenakis, 2015 IL App (1st) 141297 Fact Snapshot: The judgment debtor successfully moved to discharge citations issued to the custodian of an individual retirement account (IRA) he inherited from his deceased mother. The judgment creditor appealed, arguing that the IRA wasn’t properly exempt from the judgment’s reach. Result: The First District …
Tag Archives: Judgment
When The Person You Have A Judgment Against Has His Property Tied Up In A Trust: What Then?
(photo credit: www.dreamstime.com; Google images (visited 11.26.14) In earlier posts, I’ve discussed how time-consuming and frustrating it can be to collect on a money judgment. The primary creditor enforcement methods include freezing the debtor’s bank accounts, garnishing his wages, and liening his real estate by recording the judgment in the county where his land is located. Recording a lien against a debtor’s …