View Full Version : Judgement from a civil case: Liens against IRAs?
amatanqua
Oct 15, 2008, 07:47 AM
Judgements in a civil case:
I am involved in a civil law suit and should a judgement be set against me, what monies can they put a lien on?
I am mainly concerned about only my IRAs. I have no assets-home, car, etc. My biggest asset is my computer, which is on a credit card. I am 65 and do have ss which I haven't touched.
ScottGem
Oct 15, 2008, 08:47 AM
No they can't file a lien against retirement savings.
amatanqua
Oct 16, 2008, 10:52 AM
Thank you Scott. Your answer is very definite but I have also been told by the Citibank that it depends on whether it is court ordered. Do you have any additional information that might help with this?
Best, Amatanqua
ScottGem
Oct 16, 2008, 11:26 AM
The government would be able to attach the accounts for back taxes or child support. But I don't blieve it would be attachable as the result of a civil case. However, once you transferred money out of the IRA, it could be attached.
amatanqua
Oct 16, 2008, 12:09 PM
Thank you Scott.
knights26
Oct 1, 2010, 09:05 AM
I live in Mass. I had a lien placed on my home in Nov 2004. I was told that a civil lien is good for 6 yrs.
My question to you is. Is this true ? Would they have to renew the lien in Nov 2010 ? Can I transfer title of
My home to my wife after Nov of 2010 ?
Thanks