QUESTION
If they file a judgment against me, can the court order my pension to be garnished?
Asked on Sep 06th, 2013 on Bankruptcy - Texas
More details to this question:
I am in default on a loan that I received from Bank of America. It has been turned over to a debt collecting law firm. The only income I receive is a monthly pension. I was under the impression that they could not garnish my pension.
3 ANSWERS
Yes, you are right, your pension money is exempt from execution and creditors cannot touch it.
Answered on Sep 11th, 2013 at 12:39 PM
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
2 Awards
You are correct.
Answered on Sep 09th, 2013 at 9:29 AM
Family Attorney serving Hurst, TX
at
Law Office of Eric A. Maskell
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Generally there is no wage garnishment in Texas. However, once your funds hit your bank account the creditor can serve a writ of garnishment against the bank and seize the funds in the account.
Answered on Sep 09th, 2013 at 8:08 AM