Legal Question in Credit and Debt Law in California

Yes upon receipt of the funds if the creditors have judgments. Your income might be low enough so that nothing might be taken if you oppose the garnishment. If your credit card debt is more than you can handle, then bankruptcy might be the solution. The creditors with judgments can also record the judgments and those will become liens against your home which can be removed in bankruptcy but will cost more for that additional legal work. You need to resolve your financial problems by either settling your debt or filing for bankruptcy if you cannot afford to pay. Peace of mind is one the greatest benefits of bankruptcy for older people. The last thing you want is to have a bunch of nasty credit collectors calling all day if you are retired.