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    artluvr1369's Avatar
    artluvr1369 Posts: 1, Reputation: 1
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    #1

    Sep 13, 2011, 01:02 PM
    If a creditor gets a bank levy, can I argue that the funds are exempt.
    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's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #2

    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's Avatar
    chulbulli Posts: 3, Reputation: 1
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    #3

    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Sep 23, 2011, 03:34 AM
    Quote Originally Posted by chulbulli View Post
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #5

    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.

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