You can try.
The federal government is responsible for collecting and administering Social Security. State governments do not collect Social Security taxes or administer the program.
Federal retirement funds are exempt from garnishment except if the garnishment is coming from any branch of the federal government. Why don't you offer a reasonable settlement and see if the bank is willing to work with you.
Federal
No. If a creditor other than the federal government tries to garnish your Social Security benefits, inform them that such an action violates Section 207 of the Social Security Act (42 U.S.C. 407).
Social security benefits are generally protected from garnishment by federal law, but there are exceptions for certain debts such as child support, alimony, and federal taxes. It's important to check with a legal expert or attorney in Ohio to understand the specific regulations regarding garnishment of social security benefits in that state.
No. The Social Security law allows garnishment of Social Security benefits payable to beneficiaries in only 3 major cases: Child support, spousal support and delinquent or owed Federal taxes and debts. Therefore, the states cannot lay claim to those benefits nor can the Federal government transfer them to anyone else (including creditors. See the Related Links below for more information.
Yes. Virginia use federal income garnishment laws. The maximum percentage of disposable income that can be garnished for creditor debt is 25%, with 30x minimum wage ($154.50 weekly based) being exempt from garnishment. All Social Security, government pensions, public assistance and most private pension benefits are exempt from creditor garnishment or levy.
Generally speaking, a contract with the federal government or some agency of the federal government.
Yes, they can. The only federal payment not subject to garnishment or lien is Social Security.
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social security
social security tax