Hi, Marjorie, My name is Andrea, and I will be glad to assist you today and provide you with Excellent Service,
What you have read is correct. Creditors, even judgment creditors (those who have sued you on the debt and obtained a judgment) cannot garnish or attach any funds which are pension, IRA's, or any type of retirement funds, including Social Securty benefits and any type of disability payments. The only issue you have to be concerned about is that the creditor not be permitted to garnish any funds in your checking account because their source was either from retirement benefits, or disability benefits. Therefore, you should inform the bank where you maintain your checking account that your funds have their source from retirement and disability benefits and they are not permitted to honor any garnishment with which they might be served,
Please be kind enough to rate Excellent Service" so that I receive credit for assisting you, it will not cost you anything additional to give me a positive rating, and that is the only way I can receive credit, Thank you for understanding,
If you receive a Customer Satisfaction Survey from JustAnswer, Please rate a 10 as it gives me a greater opportunity to assist other customers on this website and is greatly appreciated,
Thank you for allowing me the opportunity to assist you,
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).