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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
 
Posted on 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
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Posts: 3927



59 Magic Points

 
Posted on 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

 
Posted on 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.
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Justin
sunnyca



Joined: 10 Sep 2009
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Posts: 148



955 Magic Points

 
Posted on 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
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Subject: exempt from garnishment
 
Posted on Tue Jun 22, 2010 4:09 pm  

are military retirements, disability pensions, VA disability and disability from social security exempt from garnishment?
harrison phillips
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Subject: exempt from garnishment
 
Posted on Tue Jun 22, 2010 4:14 pm  

are military retirements, disability pensions, VA disability and disability from social security exempt from garnishment?
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889



1388 Magic Points

Subject: credit
 
Posted on 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
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Subject: OOFoAOCKXyNGc
 
Posted on Fri Mar 09, 2012 3:49 am  

oDQ1pQ Great, thanks for sharing this blog.

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