This morning I am traveling to Markham, Illinois to the Circuit Court of Cook County for a Citation to Discover Asset's Proceeding and Rule to Show Cause. A person gets a Rule to Show Cause when they have obtained a judgment and they fail to appear for the Citation to Discover Asset's hearing.
A Citation to Discover Asset's hearing is a court ordered hearing where the creditor requests information such as bank account information, prior and current tax returns, real estate interests, stocks, bonds, and life insurance among other assets. The purpose is to find out whether the creditor can levy these assets and pay their judgments.
For Physicians, Surgeons, and Dentists, this is an important lesson because this is what occurs when you obtain a professional malpractice judgment. A Citation to Discover Assets is an evasive hearing because many professionals fee lost dignity and embarassment. With proper asset protection, we can structure your estates. Later this afternoon, I will be speaking with a physician about how to properly structure her estate and asset protection plan. The key point is plan prior to a lawsuit is possible.
Sean Robertson, Attorney at Law
Robertson Law Group, LLC
downtown Chicago and Naperville locations
312-498-6080 (all locations)
RobertsonLawGroup@gmail.com
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