Can My Pension Pay and Security Be that is social Garnished? Can your Social Security and your retirement pay be garnished?

Can My Pension Pay and Security Be that is social Garnished? Can your Social Security and your retirement pay be garnished?

It Depends Upon Who’s Doing the Garnishing

Can your Social Security and your your retirement pay be garnished? In term: No. however in two terms: Well, perhaps. As well as in a expression: Depends on who’s doing the garnishing.

First, They See You in Court

Here’s exactly exactly exactly how garnishing works: A creditor—let’s phone him Mr. Potter—hauls one to, state, the Bedford Falls Courthouse and wins a judgment against you. Let us call you George. We’re guessing there are some fans of this film It is an excellent life out here.

Key Takeaways

Then your creditor asks the judge for an purchase to garnish your wages, banking account, and just about every other assets you could have, such as that dusty artwork in the hideous old framework, although the thing’s held it’s place in the Bailey household forever.

Where You Could Win Some

What Pottercorp (aka “They”) can’t take is federal advantage re payments. We’re speaking Social protection, veteran’s advantages, Railroad pension, and workplace of Personnel Management your retirement.