Jovaag

STATEMENT OF THE CASE

The underlying action for division of Ms. Jovaag and Mr. Ott‟s jointly held property was tried in May 2011. The court ruled in favor of Mr. Ott, and issued an injunction freezing all of Ms. Jovaag‟s accounts. Ms. Jovaag and Mr. Ott appeared for further hearing on the matter on May 16, 2011, and entered into a global settlement of all issues. On June 16, 2011, Ms. Jovaag and Mr. Ott entered into a stipulation and order for the immediate transfer of Ms. Jovaag‟s $370,000 in securities held in the Schwab account to Mr. Ott to partially fulfill the terms of the settlement agreement. On June 30, 2011, the court entered judgment against Ms. Jovaag, and ordered her to pay Mr. Ott $967,800, with post-judgment interest in the amount of 10 percent per year. Ms. Jovaag did not transfer the funds as required under the settlement agreement. On July 26, 2011, a writ of execution and notice of levy were forwarded to Schwab, along with other investment account providers in the amount of $895,034.41. In August 2011, the court denied Ms. Jovaag‟s claim of exemptions. Ms. Jovaag promptly filed a notice of appeal of the judgment with this court. On December 6, 2011, this court…