2007-01-02 11:52:07 · 5 answers · asked by pretorian1994 1 in Politics & Government ➔ Law & Ethics
Depends on whether the debt is secured or not. Retirement funds are hard to go after and most of the time they will just pass the loss on to the next unsuspecting dupe.
2007-01-02 11:55:46 · answer #1 · answered by G-Man 3 · 0⤊ 0⤋
Depends on the debtor.....If it's the government yes they can dip into your own pockets....
But if it's a debtor like credit card, lost a civil suit, then no they cannot obtain your personal effects unless they get a ruling from the courts.
2007-01-02 19:55:50 · answer #2 · answered by mailjunkie123 3 · 0⤊ 0⤋
social security cannot be touched by anyone except the gov`t and now with new laws last april neither can your retirement account ,but anything can be repossessed if you don`t pay for it .if they can find it.but your belongings are not available for reposession unless you purchased them and still owe on them.they are known as hhg...household goods.if you dont own a home file chapter 7 bankruptcy and fuggetaboutit
2007-01-02 20:01:23 · answer #3 · answered by sheffield5555 2 · 0⤊ 0⤋
if it is an unsecured debt.. meaning that the creditor has no relief in letting the debt go.. the may try to get a judgement against you from the court but that is all they can do besides send someone to your house and repo your bed and t.v.... if that happens without a court order.. call the cops
2007-01-02 20:03:42 · answer #4 · answered by Get Money 3 · 0⤊ 0⤋
they possibly can if u are under garnishment.
they can do that too thru the courts
2007-01-02 19:59:21 · answer #5 · answered by sunflare63 7 · 0⤊ 0⤋