Before Our Credit is ruined

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      Suzi,

      In my state, the first $1200 of income per month is exempt from
      garnishment. My disability was only $640 a month so legally the
      creditor wasn’t entitled to any of it. But, they would have gotten 3
      of my disability checks anyway had I not been able to get a lawyer
      through legal aid because the bank was legally bound by a court order
      to turn over all the money in the account to them at the end of 90
      days. Fortunately, my lawyer got the papers filed a few days before
      the 90 days were up and that halted any action being taken on my bank
      account until it went before a judge.

      I also learned through my lawyer that once the exemption had been
      filed, the creditor could object to it and that would mean another
      court hearing, plus they could request up to 3 postponements and delay
      my money being released for about 12 months. Fortunately my creditor
      didn’t take it to that extreme.

      I thought that when a person has their wages garnished the person gets
      to keep the personel exemption plus the standardized deduction they are
      entitled to on our taxes. That would be something like 9-10,000 dollars
      per year. It’s a miserably low amount. But disability money should have
      NEVER been included in those assets being frozen.

      Suzi

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    Budget101 Discussion List Archives Budget101 Discussion List Before Our Credit is ruined