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Uncollectible Small Claims Judgements
Hi, I have three small claims money judgements in California. I have tried to collect on all three. Sought wage garnishment, bank levies, so far all to no avail. The judgements attain 10% interest penalty each year. I renewed the judgements after ten years. I continued each year to locate and find assets. I thought one day the debtors would get jobs. I believe it has become fruitless now. The original judgments totaled about 15K. Now with interest they total close to 40K. Can I write this uncollected debt on my taxes? If so how much and how to do? Thanks. dan
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March 15, 2025
8:47 AM