Taxing Matters
Overtaxed Member
Also is it legal to withdraw $100,000 cash from his bank accounts in around a month time, or to keep or carry that cash with him in his home or during travel?
That's legal, as is spending all of his money on consumable items like food, liquor, vacations, or whatever. No law restricts what he can spend his money on while owing debts to others. The creditor therefore has to find and attach the debtor's nonexempt assets before the debtor can spend them. If the creditor misses that chance and the debtor spends the money, there is nothing the creditor can do about that; the creditor is just out of luck in that circumstance.