1. You can be forced to testify under oath. If you attempt to deny or conceal ownership you will be committing the crime of perjury.

2. Assets can be discovered via the use of computers and the Internet. It is not difficult for creditors to locate assets, including those that have been kept overseas.

3. When a creditor obtains a judgment against you. If a creditor sues you for damages and the assets are relevant to the award, or if you are involved in litigation involving the fraudulent conveyance and the assets are relevant to the discovery, you are required to disclose them.

4. Creditors that are entitled to discovery of the assets of a debtor have great discretion in their examination and procedures.

5. Your spouse can be forced to disclose their finances to a judgment creditor whether or not they are involved in the litigation.

6. Insurance companies may be required to disclose information about your assets to judgment creditors.

For more information, contact the Law Offices of Matthew C. Mullhofer at:

2107 N. Broadway, Suite 103
Santa Ana, CA 92706
Tel: (714) 827-9955
Fax: (714) 827-9966
mcmlaw@protectmyassets.com