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    smileyface's Avatar
    smileyface Posts: 1, Reputation: 1
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    #1

    Feb 10, 2009, 12:20 PM
    Garnishment for va & social security disability
    If we walk away from our condo that deppreciated immensly in Florida, would lender come after our va & social security disability? What about 401k or government treasury bonds?

    Please help!! :confused:
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Feb 10, 2009, 12:22 PM
    Quote Originally Posted by smileyface View Post
    if we walk away from our condo that deppreciated immensly in florida, would lender come after our va & social security disability? what about 401k or goverment treasury bonds?

    please help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:c onfused:


    I have no idea what they will do but only your SSD is basically protected. Private disability and pensions are in a different category and can be liened.

    And, yes, anything else you hold/own is NOT exempt. They can lien your bank account and as you transfer funds from the 401K it can be taken.

    This is, of course, only after a Judgment against you is obtained.

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