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Is there any way to get a civil judgment for credit card debt lowered because of inability to pay when on a pension?
People who have the means have an attorney negotiate with the creditor who will often settle for a lesser amount. You might try contacting the legal department of the creditor (perhaps the person whose name is on the court papers for the credit card company). You could try to make an offer to send a cash payment and see if they will take a lesser amount if you agree to pay it off. Tell them you are on a pension and otherwise it will take you a very long tie to pay it off. It's up to the creditor. No one else can change the amount of the judgment.
What else can I help you with?
Can a bank garnish your pension in a deficiency judgment?
In general, pensions are typically protected from garnishment in the case of a deficiency judgment, meaning that a bank usually cannot seize pension funds to satisfy such a judgment. However, laws can vary by state, and there may be exceptions depending on the type of pension and the specific circumstances. It's important to consult legal counsel or a financial advisor for guidance based on your situation and local laws.
Can pension payments be garnished?
The majority of private pensions are exempt or partially exempt from garnishment by judgment creditors not by child support orders or tax arrearage payments. All Social Security, government and military pension benefits are totally exempt from judgment creditor garnishment.
What are the benefits of a private pension?
The benefits of having a private pension is that one does not have to pay tax on it. Because of this, every ¥£160 one puts into their private pension, it will be worth ¥£200.
Does a pension go through probate?
No, a pension typically does not go through probate because it usually has designated beneficiaries who receive the funds directly upon the pension holder's death.
Can a judgment garnish pension benefits?
It's my general understanding that in the US no debts except public taxes can be collected against the proceeds of a pension account. The Brown and Goldman families have been trying for ages to get at [[O. J. Simpson]]'s NFL pension. TINLA. - [[User:208.127.136.204|208.127.136.204]] 05:57, 13 Aug 2007 (UTC)
How do you know if you would get a deficiency judgment on your forclosure. Do they go after pension or social security?
Can there be a deficiency judgment on a mortgage forclosure in virginia?
Can a bank garnish your pension in a deficiency judgment?
In general, pensions are typically protected from garnishment in the case of a deficiency judgment, meaning that a bank usually cannot seize pension funds to satisfy such a judgment. However, laws can vary by state, and there may be exceptions depending on the type of pension and the specific circumstances. It's important to consult legal counsel or a financial advisor for guidance based on your situation and local laws.
Can pension payments be garnished?
The majority of private pensions are exempt or partially exempt from garnishment by judgment creditors not by child support orders or tax arrearage payments. All Social Security, government and military pension benefits are totally exempt from judgment creditor garnishment.
Can your social security or pension be taken for credit card debt in Iowa?
SS and Pensions are judgment proof
Do you think auto workers will be able to keep their pension plans once all the union negotiations conclude?
Yes, with a big "but." Once negotiations have concluded, yes, auto workers will keep their pensions. However, in all likelihood, pension rates will be lowered.
What are the benefits of a private pension?
The benefits of having a private pension is that one does not have to pay tax on it. Because of this, every ¥£160 one puts into their private pension, it will be worth ¥£200.
Does a pension go through probate?
No, a pension typically does not go through probate because it usually has designated beneficiaries who receive the funds directly upon the pension holder's death.
Can a judgment garnish pension benefits?
It's my general understanding that in the US no debts except public taxes can be collected against the proceeds of a pension account. The Brown and Goldman families have been trying for ages to get at [[O. J. Simpson]]'s NFL pension. TINLA. - [[User:208.127.136.204|208.127.136.204]] 05:57, 13 Aug 2007 (UTC)
Is your company pension check going to go up 2 percent because of the tax increase?
You will need to contact your company's payroll department to know if your pension check is going to go up two percent because of the tax increase. Pension are privately owned by companies.
What is exempt from a money judgment?
Whatever the state in which the judgment was granted allows. All Social Security benefits and public assistance are exempt from creditor judgments as are the majority of pension both private and military. Generally the personal and property exemptions that are allowed in BK are the same as those used to protect assets and property in the execution of a creditor judgment.
Can they get your retirement pension or savings for a deficiency judgment in Calif?
In California, retirement pensions and savings are generally protected from creditors seeking a deficiency judgment. California law provides certain exemptions for retirement accounts, such as 401(k)s, IRAs, and pension plans, which can help shield those assets from creditors. However, it's important to consult with a legal professional to understand the specific rules and limitations that may apply in your situation.
Can a car loan lender garnish your pension benefits?
No because they are not your parents and they are not supposed to spoon-feed you and pay your outstanding of awaiting bills even if it is your pension.
