Can an Annuity payment from a personal injury settlement be

Submitted by donnalk0811 on Fri, 05/21/2010 - 13:51
Forums

My husband and I are on Social Security Disability. My husband also receives an Annuity payment from a car accident and works part time and makes about $330.00 monthly. We have not been able to pay on our credit card bills due to high mortgage payments and other expenses. My husband also lost a 2nd job. Can the credit card companies garnish my husbands Annuity payment or take any of the money he makes at his part time job? I realize Social Security is exempt but I am not sure about the Annuity or the part time job.

Hi donnalk,

The creditor's cannot garnish Social Security Disability or the Annuity Payments. However, they can garnish your husband's wages, or even his accounts, that is the money that comes from part time job.

Thanks,

Aaron

Tue, 05/25/2010 - 10:41 Permalink