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View Full Version : If a creditor gets a bank levy, can I argue that the funds are exempt.


artluvr1369
Sep 13, 2011, 01:02 PM
Almost all of my income comes from US military retirement and social security. Can this income be protected from a bank levy in Texas?

twinkiedooter
Sep 13, 2011, 02:16 PM
SSR is exempt from levy, but not your military retirement. Go to the bank and show them your SSR deposits are exempt.

chulbulli
Sep 22, 2011, 10:19 PM
If u are retired than your income is your pension or you can show it as a low income with no requirement to pay any tax according to government rule and this would be exempt for u by the government all the best dear...

ScottGem
Sep 23, 2011, 03:34 AM
if u are retired than your income is your pension or you can show it as a low income with no requirement to pay any tax according to government rule and this would be exempt for u by the government all the best dear....

The question was about a creditor attaching a bank account, not about taxation. There is no low income exemption.

ScottGem
Sep 23, 2011, 03:36 AM
As noted your SS is exempt, and your military may be exempt. I would give a letter to your bank that your all the income in your account is from exempt sources and therefore not subject to attachment.