Legal Question in Credit and Debt Law in North Carolina
I have been on disability for two years and have fallen behind in my credit card bills. Presently I am 65 and collecting social security, a small pension, and small IRA. I also have a checking account. Which of these are judgement proof?
Asked on 8/05/10, 1:29 pm
1 Answer from Attorneys
All of these are exempt from execution. What other assets do you have? You also need to keep all the exempt income (pension and SS) separate - do not commingle with non-exempt funds or another person. Will you ever need credit? If not, you may want to do nothing if there are no assets that the creditors can grab.
Answered on 8/13/10, 9:52 pm
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