Legal Question in Bankruptcy in California
I reside in California and I am retiring soon and can not pay my debts (credit cards, loans, etc). Can my creditors garnish my retirement pension and Social Security that I will be receiving?
2 Answers from Attorneys
Reitrment pension - maybe.
Social Security - no, unless a creditor is the government.
San Diego Bankruptcy Lawyer What a creditor can and can't do regarding collecting a debt is usually a matter of interpretation.
Bankruptcy lawyers regularly see clients who have had their bank accounts frozen, their income garnished even though the funds are all from an exempt source. The advantage to filing the bankruptcy is that you don't have to pay a lawyer to straigten all of these issues out, and of course, you know longer owe the money.
If this type of thing happens to you, consider filing the bankruptcy. It's less costly and you get a discharge of your debts so that you no longer need to worry. (Sleep like a baby)
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