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Can a credit card company take assets such as property personal belongings Social Security or retirement if one has no other income in NC?
Wiki User
∙ 8y ago
Creditors can sue the debtor to recover monies owed, what property they can attach depends upon the laws of the state in which the debtor resides. All Social Security benefits and most pension benefits are exempt from creditor attachment. For the majority of consumers the homestead exemption is the most important; in some states the homestead exemption is automatically granted by law, in others a homestead declaration must be filed with the county recorder's office to protect the primary residence from creditor action.
Wiki User
∙ 8y ago
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What do members of a kibbutz share?
Work, personal belongings, and property
Is it destruction of property for a parent to throw away her child's personal belongings without permission?
Unless the child actually bought them, they have no personal belongings.
You have unclaimed property Will claiming it reduce your social security retirement check?
No. Social Security retirement (vs. SSI) is not based on income or assets.
Why you need security alarm system?
To protect property/belongings from burglaries and unwanted trespassers. Security alarm systems can be used.
What are the benefits of using a safe for security reasons?
The benefits of using a safe for security reasons is because one can secure personal information or belongings in a safe to protect it from other people. One can also protect one's property from animals or small children.
What is the legal definition for personal belongings?
Personal property is any movable or intangible thing that is subject to ownership and not classified as real property. All property other than land and buildings attached to land.
If my ex abandons his personal belongings may i dispose of them?
if you are divorced and your ex does not pick up belongings from your legal property, you should be able to dispose of them. Check with your attorney to be sure.
What has the author Ronald C C Cuming written?
Ronald C. C. Cuming has written: 'Saskatchewan and Manitoba Personal Property Security Acts handbook' 'British Columbia Personal Property Security Act handbook' -- subject(s): British Columbia, Personal property, Security (Law)
Are personal belongings included in the estate?
Yes. A decedent's estate contains all the property they own at their time of death.
What has the author Douglas K Newell written?
Douglas K. Newell has written: 'Security interests in personal property' -- subject(s): Cases, Personal property, Security (Law)
The means of obtaining ownership of personal property?
Let's clarify what is personal property: any property that you own that is not real estate property, such as your personal belongings, car, pets, etc.; now, in the Landlord/Tenant court, your landlord may keep or put out your personal property to the curb once he evicts you from the unit, depending on the state you live in, and whether you owe him back rent.
Can a SECOND mortgage line of credit take your personal belongings?
Mortgages are secured by the real property, not personal property. If the loan is not paid, a second mortgage line of credit may foreclose on the home but your personal belongings are NOT the collateral for the loan. The old popular image of creditors emptying your home of your belongings is largely a myth. You can only be forced to forfeit items used as collateral for a loan. You may be sued by your lender in some cases and face a judgment, and liens can be placed on bank accounts or against other property.
