IM on disablity SSI An judgement was placed. Not for tickets But because i owe the bank $4000 I just brought acar for $200.Do your car have to be a sudden price for the marshals to be able to take it ?Can i give whatever i can afford to help pay it off ?
2007-03-25 14:54:11 · 3 answers · asked by goodsumthing369 1 in Politics & Government ➔ Law & Ethics
Depends on your state's exemption laws. Generally social security and property worth less than x dollars is exempt from creditors.
Maybe you ought to go talk to a bankruptcy lawyer. Sounds like you shore need it.
2007-03-25 14:58:47 · answer #1 · answered by krollohare2 7 · 0⤊ 0⤋
In general, state law governs what property a judgment creditor can take to enforce a money judgment. Therefore you will need to consult a local attorney. However, your SSI disability income will be exempt per federal law. If you have an account ant the bank where you owe the $4000, you might consider switching to a new bank. They might exercise "self help" and remove the money from your account if you make a deposit.
2007-03-25 16:59:51 · answer #2 · answered by Carl 7 · 0⤊ 0⤋
If you fail to pay they can sieze your bank accounts and auction off any of your property....Including your pet dog....
2007-03-25 14:58:46 · answer #3 · answered by Real Estate Para Legal 4 · 0⤊ 1⤋