Skip to main content
Home

Main navigation

  • NC Bankruptcy Cases
    • Eastern District
    • Middle District
    • Western District
  • NC Courts
    • 4th Circuit Court of Appeals
    • NC Court of Appeals
    • NC Business Court
    • NC Supreme Court Cases
  • Federal Cases
  • Law Reviews & Studies
    • Book Reviews
  • NC Legislative History
  • Student Loan Debt
User account menu
  • Log in

Breadcrumb

  1. Home
  2. Blogs

N.C. Court of Appeals: Songwooyarn Trading Company v. Sox Eleven- Restriction of Transfer of Property Pending Determination of Exemptions

Profile picture for user Ed Boltz
By Ed Boltz, 17 April, 2012
Summary: Songwooyarn Trading Company (STC) obtained a judgment against Defendant Ahn, among others.  Ahn filed a Motion to Claim Exempt Property, to which STC objected, specifically contending that Ahn had failed to list all non-exempt property, had undervalued property, and attempted to exempt property beyond that allowed by North Carolina law.  The trial court held that Ahn had failed to comply with the statutory requirements for claiming exempt property, but allowed Ahn the opportunity to refile his claimed exemptions.  STC again objected and subpoenaed documents from several banks.  Ahn sought to quash those subpoenas, but the trial court ordered production of documents related to accounts held by Ahn both individually and with his wife, but not as to accounts held solely by his wife.  The trial court additionally prohibited Ahn from disposing, transferring or removing assets located within North Carolina, until such assets were found to be exempt. Ahn appealed, among other jurisdictional matters, the order restricting disposition of assets, specifically as to property owned as tenants by the entireties.  The Court of Appeals, however, held that it was squarely within the authority of the trial court under N.C.G.S. § 1-358 to restrict such transfers. For a copy of the opinion, please see: Songwooyarn Trading Company v. Sox Eleven- Restriction of Transfer of Property Pending Determination of Exemptions.pdf

Blog comments

Blog tags
exemptions
Category
NC Court of Appeals
NC Courts

About Us

Mountain View The purpose of the NC Bankruptcy Expert blog is to provide legal professionals with a consolidated resource for updates and case summaries about issues and decisions affecting bankruptcy, foreclosures, mortgages, and debt collection.

 
Lawyer Edward Boltz | Top Attorney Chapter 7

NC Bankruptcy Expert FREE Consultation

We Offer A Free Bankruptcy Consultation which has helped over 70,000 North Carolina families. We serve the entire state of North Carolina.

Proud Member of:












Categories

  • 4th Circuit Court of Appeals
  • Book Reviews
  • District Courts
  • Eastern District
  • Ed Boltz: Bankruptcy Attorney
  • Federal Cases
  • Forms
  • Home
  • Law Reviews & Studies
  • Middle District
  • Mortgage Modification Mediation Documents
  • NC Business Court
  • NC Court of Appeals
  • NC Courts
  • NC Supreme Court Cases
  • News
  • North Carolina Bankruptcy Cases
  • North Carolina District Court Cases
  • North Carolina Exemptions Legislative History
  • Student Loan Debt
  • Student Loan Options and Chapter 13 Bankruptcy
  • Western District
RSS feed
v. 1.2.2, © 2013-2025 ncbankruptcyexpert.com, all rights reserved. Follow @edboltz