Ask Experts Questions for FREE Help !
Ask
    granny33's Avatar
    granny33 Posts: 7, Reputation: 1
    New Member
     
    #1

    Nov 28, 2007, 09:31 AM
    Frozen checking account
    I have SS deposited into my checking account and I know that no one can freeze that money, but I'm concerned about my pension. Is that money safe also? I do work two days a week to supplement my income. Is that safe also?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    Nov 29, 2007, 08:51 AM
    Quote Originally Posted by granny33
    I have SS deposited into my checking account and I know that no one can freeze that money, but I'm concerned about my pension. Is that money safe also? I do work two days a week to supplement my income. Is that safe also?

    Your pension is subject to lien/seizure. It is not protected.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Nov 29, 2007, 08:53 AM
    You should have your SS deposited into a different account. You can then tell the bank that's its protected and can't be garnished. By having it deposited in another account it could be attached as commingled funds.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Frozen checking account [ 2 Answers ]

I have SS deposited into my checking account and I know that no one can freeze that money, but I'm concerned about my pension. Is tha money safe also? I do work two days a week to suplement my income. Is that safe also?

Checking Account Frozen Without Notice [ 7 Answers ]

My husband has a 10 year old debt that we just found out has allowed a lawyer to freeze our joint checking account. We were told by a different lawyer that this was not possible, since I was also on this checking account, and this happened before us (bad advice, but that's another story:mad: ). ...

Checking account frozen by creditor judgement [ 1 Answers ]

Without notice,my checking account was frozen and all money taken leaving 0 balance. I cannot buy food or medicine or hire an attorney. I see no way out and am thinking of becoming homeless or suicide.

Checking account frozen [ 3 Answers ]

Hi, My mother had her bank account frozen due to her credit card situation. Where can she cash her Social Security checks, Thanks


View more questions Search