ladynred or others..

[bearfootball]

What is the name of your state? TX

What are non-exempt funds?

 

[Ladynred]

Anything that is NOT protected by the TX exemptions. Don't mean that to sound trite, but that's the gist of it. Exempt funds would be things like SSI or SSDI or income from a qualified retirement plan or pension. Public assistance and unemployment are exempt.

"Church benefit plan benefits

Fraternal benefit society benefits

Life, health, accident or annuity benefits or monies, including policy proceeds and cash values to be paid or rendered to beneficiary or insured

Life insurance present value if beneficiary is debtor or debtor’s dependent (see note under personal property)

Retired public school employees group insurance

Texas employee uniform group insurance

Texas state college or university employee benefits"

Pensions:

"County & district employees

ERISA-qualified government or church benefits, including Keoghs and IRAs

Firefighters

IRAs to extent tax-deferred

Judges

Keoghs to extent tax-deferred

Law enforcement officers’ survivors

Municipal employees

Police officers

Retirement benefits to extent tax-deferred

State employees

Teachers"

Public Assistance:

"Crime victims’ compensation

Medical assistance

Public assistance

Unemployment compensation

Workers’ compensation"

Anything else is fair game.

 

[bearfootball]

Ladynred,
Thanks for the info. What if the monies that are in the account are only based on salaries from your job? We have no equity in our home or car.

Are there minimums that are to be left in the account? IE, if you had 2K in your account, can the agency take every dime? even though I owe my bank monthly house and car payments?

Thanks, you been very helpful

 

[Ladynred]

Unfortunately with a bank levy its no holds barred They can drain it dry and they don't care what you need that money for, all they see is you have money, you owe them money, and the court says they can take it from you. Sucks huge....

 

[bearfootball]

so who decides who gets the money first? The bank (mortage and car payment) or the collection agency?