Answers
I have SS disability for my MS and $1,000 is all I receive every month. I recently fell, and had to relocate closer to my kids. So my rent jumped from $199.00 to $550.! I am on the list for subsidised housing but in the meantime I am terribly broke. I have sold all my jewelry and possessions. I can no longer pay my $350. credit card debt. I am 60, can not borrow money from anyone and can not pay my monthly payment. I am forced to stop paying and want to know the ramifications. I know my credit rating will be screwed, but getting vet care for my service dog is more important right now. Finally, my question is....can "they" garnish my disability for non-payment of debt? My total default will be about $9,000 from 5 different CC companies. Thank you so much for your time.
Social Security checks can not be garnished.
If you have no job they can't garnish your wages. You do not own a car or home so they can not put a lien on your property. You don't really have that many items for them to seize, and as long as you don't keep much money in the bank they can't seize that either.
In other works, you are considered "judgment proof" and there really is no way for them to collect if they sue you.
Consider the effect of credit scores when searching for home mortgage financing and homes for sale in Raleigh Cary North Carolina Relocation. This ...
Crackdown on credit card provisions begins
WASHINGTON, D.C. -- U.S. consumers will get long-awaited relief from some of the most costly and deceptive credit card tactics when the sweeping provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 finally kick in on Monday.
The CARD Act, which President Barack Obama signed May 22, dramatically changes the way card issuers can profit from plastic.
Instead of arbitrary rate increases, exorbitant fees and murky calculations of interest charges, card companies must now be more transparent in establishing and disclosing the terms of their offerings, and, as a result, more prudent in the way they manage credit risk.
In response to the law, most issuers already have introduced a host of new fees and rate structures to recoup some of the revenue they will lose under the new rules. The changes will make credit not only harder to get, but also more expensive.
bankruptcy education certificate | Obama's Economy
Chapter 7 is one of two forms of personal bankruptcy. The other form of personal bankruptcy is Chapter 13. Chapter 7 is a liquidation bankruptcy, whereas Chapter 13 is a form of bankruptcy in which the Bankruptcy Court approves a plan that permits the debtor to payoff creditors over a 3 to 5 period, and then to discharge most unsecured debts that have not been paid off. Contact a debt defense lawyer Raleigh or bankruptcy lawyer Raleigh .
Chapter 7 generally is for people with large amounts of unsecured debt, and few assets. Chapter 13 is generally for people who have significant assets – a home, cars, etc. – that they wish to keep and who have an income that they can use to finance the bankruptcy plan. Chapter 13 is also for people who wish to file bankruptcy, but do not qualify for Chapter 7 bankruptcy.
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Patterson's 2010 State of the County AddressAnd we are attempting to accomplish that goal through our Community and Home Improvement Program, which offers both counseling and intervention for families and more »