When a judgment debtor isn’t paying a judgment, the judgment creditor has the option of sending a court order that requires that debtor to disclose various assets and financial information to make collection possible. If the debtor fails to do so, the creditor can request that the debtor be held in contempt of court. A finding of contempt can result in the issuance of an arrest warrant, fines, and/or jail time for the debtor.
The requirements for Demands for Disclosure are outlined in Minnesota Statutes Sections 491A.02, subd. 9 and 550.011. In order […]