Can CA's or creditors seize retirement acounts?

Posted by Suzy (205.188.209.12) on March 26, 2003 at 17:48:16:

I am in certain debt and work part-time in NY (job market very bad). I can't make good on debts yet. After a loss of employment after 10 years, my credit card interset and penalties have gone thru the roof.

My new part-time job wants to take $4.50 of each hour that I work and send these funds to a bank account, in which I provide, for a retirement fund.

Can creditors levy that bank account once I open one? Are these funds exempt?

Should I open a joint account?

Thank you.

Suzy

Follow Ups:

• Re: Can CA's or creditors seize retirement acounts? LadynRed 03/26/03 (5)
  • Re: LadynRed - statement of exemtion question Why Chat 03/27/03 (0)
  • Re: Question for WhyChat - Statement of exemption Suzy 03/26/03 (0)
  • LadynRed - statement of exemtion question Suzy 03/26/03 (1)
  • Re: Question for LadyinRed.Re: Can CA's or creditors seize retirement acounts? Why Chat 03/26/03 (3)
  • Question for LadyinRed.Re: Can CA's or creditors seize retirement acounts? Suzy 03/26/03 (4)

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