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Garnishment of Retirments Income

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fdlcsr

Joined: 21 Sep 2009
fdlcsr's page
Posts: 2

38 Magic Points

Subject: Garnishment of Retirments Income

Mon Sep 21, 2009 10:20 pm

Can the creditor garnish my retirement if I have sufficient fund, or retirement income can never be garnish (except Alimony, Tax & Child Support) regardless of status.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

59 Magic Points

Tue Sep 22, 2009 12:50 am

That depends on what state you are from, if you are from Pennsylvania, then it is only alimony, taxes and child support that they can take.

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Tue Sep 22, 2009 8:55 am

Hi fdlcsr,

Garnishment of retirement income is only possible when the creditor gets a judgment against you. However, you must be careful not to mingle the retirement account with any other account. Even if you have done that earlier, consider separating it from all the other accounts. This way you will be able to save your retirement income. Garnishment of retirement income is not possible unless you use the funds to clear alimony, child support and federal taxes.
_________________
All the Best Smile

Justin

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

955 Magic Points

Wed Sep 23, 2009 5:46 am

Thats correct

It needs to decided by the judeg

They cannot just get in to your reitirment accoutn and take your money

harrison phillips
Guest

Subject: exempt from garnishment

Tue Jun 22, 2010 4:09 pm

are military retirements, disability pensions, VA disability and disability from social security exempt from garnishment?

harrison phillips
Guest

Subject: exempt from garnishment

Tue Jun 22, 2010 4:14 pm

are military retirements, disability pensions, VA disability and disability from social security exempt from garnishment?

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1388 Magic Points

Subject: credit

Tue Jun 22, 2010 4:18 pm

I know that Military Retirement (which is your Military pension) can't be garnished for any reason. Disability, I'm pretty sure, can't either (not sure about this one, however).

Discount OEM Software
Guest

Subject: OOFoAOCKXyNGc

Fri Mar 09, 2012 3:49 am

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