nickhill20022000 Said on April 2nd, 2010 at 10:21 pm:
No,
A friend of mine had some problems. If/When it goes to court a judge can let the agencies use the accounts to payoff debt. It is a factor in claiming bankrupcy.
They look at it as “If you can afford to save, you can afford your bills”
If you have a problem try to deal directly with the collection agency. They will likely settle the debt for much less.
Judy Said on April 2nd, 2010 at 10:29 pm:
Generally, social security benefits can’t be attached, but other forms of retirement income can.
2 comments so far...
No,
A friend of mine had some problems. If/When it goes to court a judge can let the agencies use the accounts to payoff debt. It is a factor in claiming bankrupcy.
They look at it as “If you can afford to save, you can afford your bills”
If you have a problem try to deal directly with the collection agency. They will likely settle the debt for much less.
Generally, social security benefits can’t be attached, but other forms of retirement income can.
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