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Sunday, March 3, 2013

Notice of Right to Have Exemptions Designated

So you have a judgement or more than one judgement in North Carolina . . . So the sheriff has served you a "Notice of Right to Have Exemptions Designated" . . . So what do you do now?

An attorney new to practicing may tell you:  "Fill in everything that you want to keep."

A seasoned attorney may tell you: "The less you put down; the less that the creditors are aware of for the purposes of taking."

This is not legal advice.  Everyone's circumstances are different.  Some property may have public records like cars and rental property.  Those may be best to identify, but unless your aquarium has your name engraved into it . . . there may be no way of proving that it is yours.  Again, I am not giving out legal advice.

I am not responsible for any repossessions that may happen to you, but considering our economy is in a slump, this article may serve as food for thought in case you are short on cash for a seasoned, veteran attorney whose hourly rate may be hundreds of dollars per hour.  Again, this is not legal advice.  Well Wishes!


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