Legal Question in Credit and Debt Law in California

debt collection

can a debt collector attach or sieze a retirement fund for payment


Asked on 9/07/08, 12:40 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: debt collection

Unless there's a judgment, the debt collector can't attach or seize anything!

Retirement fund is exempt if it is not yet payable -- i.e. you haven't retired. If you have, each payment may be levied after certain requirements are satisfied.

For some bedtime reading, see Code of Civil Procedure section 704.115.

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Answered on 9/07/08, 1:46 pm


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