Breeze... I want to say ....like most... If it can be taxed it can be touched. Although.. I am not lawyer. When it comes to Garnishments or judgments deducted from a checking account.... I was told by a lawyer to be JUDGMENT PROOF.... that all I had to have was someone else's name on my checking account. EX. a sister, brother, or a child (minor) and THEY CAN NOT touch the account. Be warned this doesn't apply to just having your husband or wife added to the account. It has to be someone else. I agree with the other... you need to contact a lawyer. You might can find a loop hole that can help them. Good Luck MartysGirl
All public pensions {Social Security, civil service retirement, state and local pensions, military retirement} are exempt from creditor seizure. In addition, qualified pension plans as defined by the IRS code are exempt as well as 401k's and the vast majority of IRA's. A couple of states have some strange rulings on IRA disbursements. The one problem can be should you get sued anyway and fail to respond. It is imperative that you go to court {preferably with a lawyer to settle it once and for all} and inform the judge as to the source of the funds in the bank account. That'll keep a garnishment at bay.
Alright! Thanks. You say that with so much authority, you must really know, LOL. Yep, I always suggest legal help in those situations. But this guy is having anxiety attacks over this, so I wanted to give him some peace of mind.
