{"id":8091,"date":"2020-01-24T10:05:11","date_gmt":"2020-01-24T17:05:11","guid":{"rendered":"https:\/\/www.racinelaw.net\/blog\/?p=8091"},"modified":"2020-01-24T10:05:11","modified_gmt":"2020-01-24T17:05:11","slug":"property-exempt-from-collection","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/property-exempt-from-collection\/","title":{"rendered":"PROPERTY EXEMPT FROM COLLECTION"},"content":{"rendered":"

By Stephen J. Muhonen<\/a>, Creditor\u2019s Rights \/ Collections Attorney, Racine Olson, PLLP<\/p>\n

One of the first things I discuss with new clients whom are seeking legal representation to collect money from their debtors is whether the debtor has any assets that can be collected upon.\u00a0 In my opinion, an attorney taking on a new client in this circumstance, without initially exploring collection opportunities or options, is performing a great dis-service to the client.\u00a0 The client came to the attorney in the hopes of being paid that for which they are entitled.\u00a0 If all that is obtained is a \u201ctoilet-paper\u201d judgment, then what has the client gained?\u00a0 Now of course I realize and recognize that sometimes the collectability of a pursued judgment cannot always be readily discovered, but there should at least be some attempt to see if collection is even going to be a possibility.<\/p>\n

When performing the due diligence of exploring debtor\u2019s assets, the investigation should take place with an eye on what assets may be subject to exemptions.\u00a0 Now just because there are or may be statutory exemptions in place pertaining to the debtor\u2019s property, that does not necessarily mean that one should avoid pursuing the debtor\u2019s property.\u00a0 It is up to the debtor to assert the claim of exemption and to do it timely.\u00a0 If this is not done, the creditor may continue to execute\/levy\/garnish the property.\u00a0 Some of the exemptions available to debtors are:<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Stephen J. Muhonen, Creditor\u2019s Rights \/ Collections Attorney, Racine Olson, PLLP One of the first things I discuss with new clients whom are seeking legal representation to collect money from their debtors is whether the debtor has any assets that can be collected upon.\u00a0 In my opinion, an attorney taking on a new client […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-8091","post","type-post","status-publish","format-standard","hentry","category-bankruptcy-creditor-rights"],"yoast_head":"\nPROPERTY EXEMPT FROM COLLECTION — Idaho Law Blog — January 24, 2020<\/title>\n<meta name=\"description\" content=\"By Stephen J. 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