An Order Of Examination or OEX, as defined by California debtor/creditor law, is one that is issued after a creditor has been awarded a judgement. It is a tool the creditor uses to track down and collect his debt. The OEX gives the judgement creditor access to the judgement debtor’s financial information.
If you agree that the debt is real, it is acceptable to ignore a summons and complaint that has been served on you. However, it is not acceptable to disregard an OEX.
The OEX’s power
Keep in mind that the term’s initial letter, O, stands for order. It is a judge’s order that you attend and undergo a financial examination. If you ignore it, the officer may show up at your house with an arrest warrant in hand. The warrant is entirely related to disobeying a court order and has nothing to do with the sum you owe.
The ability of the OEX to impose a one-year-long lien on the debtor’s assets, which affects all assets, is important in a California bankruptcy. When scheduling secured claims in bankruptcy and avoiding liens that affect exemptions, many California bankruptcy attorneys overlook this lien.
A person frequently consults a bankruptcy attorney because they fear having to appear in court and give testimony about their employment and bank accounts under oath. If you reside in Dallas or Los Angeles and need a qualified bankruptcy attorney, call Recovery Law Group at (888-297-6203). To make an online appointment and find out more, click the following link: https://www.recoverylawgroup.com/bankruptcy/
2004 Bankruptcy Examination
Rule 2004 established a separate, supreme order of examination for bankruptcy. According to the regulation, the bankruptcy court has the authority to make an order permitting any party with an interest to question any other party regarding the matters at hand in the bankruptcy case. Most frequently, it enables a creditor to demand that the debtor provide a longer testimony than could have been allowed at the initial conference of creditors.