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Jonathan Alper

Jonathan Alper


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Recent Articles

Set Off Provisions In Bank Agreement Does Not Override IRA Protection

Jonathan Alper

March 22, 2012 14:48

 A caller was concerned that his IRA funds held as his bank’s brokerage department are not protected against an outstanding judgment because of a “set off” provision of the bank’s depositor agreement. The agreement states that “to the extent permitted by...

Writ Of Garnishment In Florida: How To Beat The Creditor

Jonathan Alper

March 18, 2012 19:36

 Many people are motivated to contact be because a creditor served a Florida writ of garnishment on their employer or bank account. One of their first questions is : “what should I do about the garnishment?” I am going to take this opportunity to provide a short, general answer to...

Mortgage Lender Allows Large Principal Reduction To Avoid Foreclosure

Jonathan Alper

March 14, 2012 14:37

 In another example of bank’s becoming cooperative in mortgage modifications for primary residences, an attorney colleague told me this week that one of his clients was offered a substantial principal reduction as part of a deal keep the client in his home. The bank foreclosed, and the...

Tenants By Entireties Protection Outside Florida

Jonathan Alper

March 10, 2012 15:08

Tenants by entireties property in Florida is exempt from individual debts of either spouse. It makes no difference if the debtor is a Florida resident or an out-of-state resident with property located in Florida. From time to time I advise Florida clients who own real property or other assets in...

Asset Protection Limitation Against SEC Judgment

Jonathan Alper

March 06, 2012 19:38

 A new client this week wanted help to deal tieh a money judgment against him in favor of the U.S. Securities and Exchange Commission. The client’s main assets were a Florida homestead and a company pension. He is a salaried employee and supports his spouse and children.   I have...