Home
Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
International
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts
   

Re: Judgement against Disabiliy check


[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by Marcy (68.102.102.160) on October 28, 2003 at 21:44:18:

In Reply to: Judgement against Disabiliy check posted by Livid in NV on October 28, 2003 at 17:52:48:

My career is as a payee for persons receiving SSI and SSDI benefits. I know for a fact that if someone has a judgment against you, your Social Security payments are exempt from being garnished, unless it is for a federal debt such as student loans, taxes or child support. As far as I know, you can not be placed in jail for debt not paid, unless it was a constitute of fraud or was a bad check. Here is something I copied from another website about what a creditor can and can't garnish under Nevada law...hope it helps...

The creditor cannot take certain property related to basic needs. This property is called exempt property. Included in the property which is exempt under Nevada law (NRS 21.090) are:
75% of your take-home pay or 30 times the minimum wage (currently $154.50 per week) which ever is higher.
Unemployment benefits
Workers Compensation (SIIS) benefits
Welfare benefits (TANF)
Veterans benefits
Social Security and Supplementary Security Income
Social Security disability payments
Amounts necessary to pay court ordered child support or maintenance of a former spouse.
Vocational rehabilitation benefits
Certain federal and state retirement monies
Certain Individual Retirement Accounts
Insurance proceeds, if your annual premium is less than $1,000
One vehicle, if your equity (the market value minus how much you owe) is under $4,500, unless the lawsuit concerned the loan on the vehicle.
A homesteaded house or mobile home, even if you do not own the land. The exemption protects up to $125,000 of the homes value. It can protect up to 100% if the judgment is for a medical bill or you establish allodial title (see Homestead section on this WebSite).The homestead exemption does not apply if the judgment was for the mortgage or a mechanics lien upon the property.
Necessary household goods and yard equipment, (maximum $3,000).
Tools of your trade, profession or business, not to exceed $4,500.


Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:


[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]

 

    Top Of Page

  

Copyright © 1999-2003 Enkephalos Web Design