The judgment instantly turns into a judgment lien on any property that you very own from the county through which the lawsuit occurred. When the real estate it hooked up to is your homestead, the judgment lien is just not foreclosable and just sits over the title. Even when you offer your homestead, the profits proceeds of the homestead are exempt from selection of the debt for up to one calendar year following the sale on the homestead. The opposing get together may additionally check out to collect it from you by the usual usually means of garnishment or levy. Some property and forms of income are protected from selection.
For people who might not know, Medicare does not purchase long-term treatment, including the care Alvin’s wife is getting while in the nursing household. Right up until Alvin and his wife spend down their belongings to their eligibility Restrict, they've got to use their very own dollars to pay for her treatment.
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