i need to place money reditly available,to me ,but safe from any one else basically taking away. i live in buffalo new york ,might a savings account just across border in canada be secure?
2007-08-27 11:12:44 · 6 answers · asked by rudy12 2 in Business & Finance ➔ Personal Finance
a saftey deposit box in a bank. They are not allowed to know what you keep in it and they dont have the key to get into it either. You can also invest in a safe that bolts to your floor. I am not sure about the canadian banks and its interactions with american judgements. If you are drawing interest on it, it will still report to your income statements so the IRS would be completely aware.
2007-08-27 11:22:39 · answer #1 · answered by Helga 5 · 0⤊ 0⤋
No place is safe from judgements or court suits. It might be best to keep your money in cash, but put it somewhere safe. I presume you aren't talking of thousands of dollars and cheating the government or something dire like that.
I would be very careful about putting it in someone else's name, even your Mom's. If she passed away, you could have a heck of a time getting your money unless she made out a will, leaving it to you. Then, you're in the same boat with collectors that you are now.
While you are saving your money, try to get that bill paid. Try to make a settlement, which would involve less money. You can ask for a court hearing to have the amount of the judgment lowered. You won't rest easily until it is paid and then you can make a fresh start.
2007-08-27 11:29:11 · answer #2 · answered by Me, Too 6 · 0⤊ 0⤋
First a collection agency needs to locate your account. If they have a judgment against you they need to get a levy of attachment. Have a Marshall serve the financial co.
Don't think you have much to worry about.
Your could get two out of state accounts. Divide up your assets.
There are books at the book store to help you.
2007-08-27 11:30:12 · answer #3 · answered by yahweh550 4 · 0⤊ 0⤋
Legally, there is no such thing. The only way to keep any asset secure from judgments is not to own it. Cash is the best was to 'hide' money.
2007-08-27 12:57:57 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
How about a fire proof locker tucked away in your attick with cash in it.
Good luck
2007-08-27 11:17:26 · answer #5 · answered by kkmix 1 · 0⤊ 0⤋
Put it in your girlfriends name in her bank account .... I hope you trust her. If not, use your mom
2007-08-27 11:20:47 · answer #6 · answered by R D 2 · 0⤊ 0⤋