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Home > Money & Services > Other Money & Services   »   retirement funds

 
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Old Sep 20, 2007, 02:55 AM
srogers
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retirement funds

Approximately 5 months ago my checking account was seized by a credit card company that obtained a judgement against me that I didn't know about. I filed for an exemption and the money was returned. I live on a fixed income of Social Security and a small company funded pension. I know SS is judgement proof, is the other pension also judgement proof? I have informed my Credit Union that the only money coming into my checking account are retirement funds both by direct deposit. I have been transferring the money to a credit card. I would like to be able to use my checking account to pay rent and bills but am not sure about the employer funded money being judgement proof. I am elderly and it is difficult to pay bills by money order. Thank you srogers

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Old Sep 20, 2007, 05:28 AM   #2  
ScottGem
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Its not officially protected, but you may be able to exempt a certain amount monthly from attachment. Check with the courts.
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Old Sep 21, 2007, 03:30 AM   #3  
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Quote:
Originally Posted by srogers
Approximately 5 months ago my checking account was seized by a credit card company that obtained a judgement against me that I didn't know about. I filed for an exemption and the money was returned. I live on a fixed income of Social Security and a small company funded pension. I know SS is judgement proof, is the other pension also judgement proof? I have informed my Credit Union that the only money coming into my checking account are retirement funds both by direct deposit. I have been transferring the money to a credit card. I would like to be able to use my checking account to pay rent and bills but am not sure about the employer funded money being judgement proof. I am elderly and it is difficult to pay bills by money order. Thank you srogers
Thank you Scott, I do not have money for an attorney, si I do not know about contacting courts. I know some pensions are judgement proof, I just need to find out if mine is. Thank You srogers
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Old Sep 21, 2007, 04:28 AM   #4  
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You don't need an attorney to go into a courthouse and speak to the clerk of the court.
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