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  1. #6
    Join Date
    Jul 2018
    Posts
    2,745

    Default Re: Can I Spend My Currency As I Wish

    Quote Quoting josha
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    The judgment did not say anything
    So...it's just a blank piece of paper (save for the word "judgment")?


    Quote Quoting josha
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    Can I withdraw currency from my bank account and spend it as I like (for buying liquor, gambling, travel, etc, like consumable items).
    You've given us no reason to believe you lack the ability to do so. If your intent was to ask whether there is any legal prohibition against spending your money, the answer is no, there isn't.


    Quote Quoting josha
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    Later on, if the creditor question me, am I obligated to produce any receipts (for the currency I spend) or remember or provide specifics on how, when and where I spend that currency?
    If, at the time of such questioning, and if that question occurs in the context of a judgment debtor exam or other proceeding, and assuming you are served with a legally appropriate request for documents/subpoena, you still have the receipts, you will be obligated to produce them. However, you are under no present obligation to document your spending or remember what you spent your money on.

    Quote Quoting llworking
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    You can spend your money as you like. What you cannot do is hide it.
    What makes you believe the OP lacks this ability? And, if your intent was to say that there is a legal prohibition against hiding assets, that's wrong. There's no legal prohibition in any state against a judgment debtor hiding assets.

    Quote Quoting josha
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    I wish to know what if a person hides the currency and claims that he/she spent it on consumables?
    Depends on the context in which the debtor tells this lie.


    Quote Quoting josha
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    What legal tools the creditor has to face this?
    I'm not entirely sure what you're asking. You can look up Florida laws on enforcement of judgments as easily as anyone here. However, enforcing judgments is more about investigation than anything else.


    Quote Quoting josha
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    Is this legally mandatory to keep the receipts? Can the court or creditor do anything to me if have no receipts?
    As mentioned previously, a judgment debtor is under no obligation to document his/her/its spending (absent a court order requiring such documentation). If a court has ordered a debtor to document spending and the debtor fails to do so, he/she may be fined and/or incarcerated for contempt of court.

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