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under florida law can a credit co. win a lawsuit againts me

Customer Question
if my only income is...
under florida law can a credit co. win a lawsuit againts me if my only income is social sec. & other pension &i have no other liqid assets except $6000 eqity in a car?
Submitted: 7 years ago.Category: Bankruptcy Law
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Answered in 21 minutes by:
8/3/2010
Bankruptcy Lawyer: cfortunato, Attorney replied 7 years ago
cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8,023
Experience: Bankruptcy professor.
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Hi JACustomer,
In Florida, a creditor can go to court and get a judgment, but by federal and state law, the judgment cannot be used to touch your Social Security or other pension income, but it can be used to attach (take) a car if the car is worth more than $1,000 (minus the balance of any car loan).
cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8,023
Experience: Bankruptcy professor.
Verified
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