What is the name of your state?What is the name of your state?new york
Can a company get a judgement and garnish a pension? I know they can do it for a salary, but what if you are retired and only get a pension>
What is the name of your state?What is the name of your state?new york
Can a company get a judgement and garnish a pension? I know they can do it for a salary, but what if you are retired and only get a pension>
Pensions can be garnished. They are considered taxable income.
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It is possible, however, that the amount of your pension doesn't allow for garnishment. There is a minimum income limitation, and if you're under that amount, they cannot garnish.
"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.
It depends on the type of pension and exemption laws in your state. Some pensions are totally exempt from garnishment for commercial debt (but could be garnished for child support or alimony). You really need to check your state laws. Many states protect certain pensions or a portion from garnishment just as federal law protects social security benefits, military retirement and veterans benefits from garnishment for commercial debt.
can a credit card company garnish a pension check in the state of Illinois .
Terre Haute Police Department, Indiana: Officer Brent Long
End of Watch: Monday, July 11, 2011
Originally Posted by cbg
Originally posted by RushiaJust because you see it on Law and Order doesn't mean that's the way it works in the real world. They have a script.
I'm not an attorney either, I just know a whole lotta stuff.
Pensions and other retirement funds are 100% EXEMPT from garnishment and/or seizure in pretty much every state.
"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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