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02-11-2003, 09:52 PM
| | | | credit collections against the disabled
What is the name of your state? Tennessee. I am fully disabled due to an on the job injury. i have social security disabilty and a structered settlement to last me through 2005, then i will only have s.s. disabilty. i have 3 large credit card debts as well as medical bills not covered by my settlement. i cannot afford what they want me to pay. the question: can creditors of any type somehow legally garnishee my money or get a judgement against me, even though i am disabled and have only this money to survive on? thanks for any good advice i can get. |
02-11-2003, 11:16 PM
| | Senior Member | | Join Date: May 2001
Posts: 6,454
| | | SSD is exempt from creditor seizure. I'd suggest you take with your lawyer about the structured settlement. |
02-12-2003, 07:57 AM
| | | | structured settlement
the structured settlement i have is a worker's compensation settlement. would that make it untouchable also? |
02-12-2003, 08:48 AM
| | Senior Member | | Join Date: Feb 2002 Location: Nashville,TN
Posts: 15,706
| | | Workers Comp should be exempt, yes, but I'd still consult a lawyer.
If all your income is exempt, then suing you would be pointless, that's not to say they might not try it. If they can't grab at your income, they'll try for other non-exempt assets.
__________________
"Knowledge is Power - use it as you see fit !
I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice.
|
02-12-2003, 02:09 PM
| | | Quote: Originally posted by Ladynred
Workers Comp should be exempt, yes, but I'd still consult a lawyer.
If all your income is exempt, then suing you would be pointless, that's not to say they might not try it. If they can't grab at your income, they'll try for other non-exempt assets. | Been there, done that.
My guess would be if Tireman has been battling to get SSD and a Worker Comp settlement ,he's probably SITTING on the only"asset" he has left   Seriously I sure hope it's not that bad!
But I echo the statement of the previous posters to this thread,consult an attorney. Know your rights as a debtor,and don't make panicky decisions.
Obviously your creditors "can't get blood out of a rock," but you might want to look to the future and try to preserve your credit rating as much as possible. Your attorney- or a REPUTABLE credit counseling service may be able to help you. It isn't like you PLANNED to become disabled.
Hope this all works out OK for you! |
02-12-2003, 06:25 PM
| | | | assets
My wife and I do not own any real estate of any kind. We rent an apartment. My wife can't work because she is my primary caregiver. All we have is what is in our home and one vehicle (that is debt free). Other than that, we have no other assets, no savings accounts, 401k's, investments or anything like that. Though my sons are over 20, we still support one of them 90% of his living expenses. So what could they take? |
02-12-2003, 09:07 PM
| | Senior Member | | Join Date: Feb 2002 Location: Nashville,TN
Posts: 15,706
| | Not a thing !! Sounds like you're as close to judgment-proof as it gets 
__________________
"Knowledge is Power - use it as you see fit !
I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice.
| |
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