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Allen M., Esq.
Allen M., Esq., Attorney
Category: Legal
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Experience:  Lawyer and legal specialist.
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IF I HAVE A DEFICIENCY JUDGEMENT FROM A CAR LOAN AGAINST ME,

Resolved Question:

IF I HAVE A DEFICIENCY JUDGEMENT FROM A CAR LOAN AGAINST ME, CAN MY WAGES BE GARNISHED?
Submitted: 7 years ago.
Category: Legal
Expert:  Allen M., Esq. replied 7 years ago.
What state are you in?

Customer: replied 7 years ago.
FLORIDA
Expert:  Allen M., Esq. replied 7 years ago.
Yes, if they have obtained a judgment in court and are attempting to enforce that jugdment, one option available in Florida in wage garnishment.

If you are the head of household, however, 100% of your wages are exempt from garnishment. If you are a single parent or the husband, then you are head of household.

The following things are also exempt from debt collection:

Here is a list of assets that are generally off limits to creditors (judgment holders): However, before any assets can be seized, they have to get a judgment against you.
exempt from seizure:
1. Annuities
2. 401K plan savings
3. IRAs
4. Homestead property (your primary residence)
5. Social security benefits
6. Up to $1,000 of value of personalty, such as tools and other personal property
7. Income of the head of the household
8. Certain trusts such as irrevocable trusts and spendthrift trusts
9. Cash surrender value of life insurance policy
10. Pensions and retirement and profit sharing benefits.
11. Unemployment compensation payments prepaid college trust fund monies and medical savings accounts.
12. Up to $1,000 of interest in a single motor vehicle
13. Any ownership interest in professionally prescribed health aid for the person being sued or their children.
14. IRS refunds.
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