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Can an Annuity payment from a personal injury settlement be

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donnalk0811



Joined: 21 May 2010
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Posts: 1



27 Magic Points

Subject: Can an Annuity payment from a personal injury settlement be
 
Posted on Fri May 21, 2010 1:51 pm  

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.
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: credit card debt
 
Posted on Tue May 25, 2010 10:41 am  

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
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