Legal Question in Civil Rights Law in California

Which ones of my assets are at risk in a personal liability lawsuit?

Will my home equity be at risk? My IRA and 401(k)?

Asked on 5/26/13, 2:00 am

2 Answers from Attorneys

Joel Selik

Anything that is not exempt, it subject to collection.

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Answered on 5/26/13, 9:58 am
Joel Selik

Ira, 401k are not directly subject to collection. Your home is subject to collection to extent above the homestead amount. But the home can be liened.

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Answered on 5/26/13, 10:03 am

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