Is a personal injury settlement considered personal profits?
I received a notice of wage garnishment. I'm no longer employed because I am on disability. Can the creditor garnish the money out of my Settlement from a work relatebeside yourselfry case?
Answers:
NO, it is considered unearned income. As to the garnishment that would depend upon what your state statutes are. Some do allow for garnishment and some do not.
The wage garnishment could be waived as you are considered "verdict proof" if you are unemployed. The creditor would then own to refile to seize the funds from your bank accounts and that is to say only if permitted in your state.
If you are unloading SSDI then they can not touch those funds at all except for put money on taxes, child support or criminal fines owed.
You might want to call the court that issued the judgment and speak to them to find out for sure.
Hope this help answer your question.
No, they are not considered earnings. However, you should hold showed up to court at the hearing to garnish your wages and/or guard accounts and notified the judge of your situation. This would enjoy prevented a lot of headaches. You entail to consult with a lawyer and try to seize back into court to settle the situation, possibly.
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Answers:
NO, it is considered unearned income. As to the garnishment that would depend upon what your state statutes are. Some do allow for garnishment and some do not.
The wage garnishment could be waived as you are considered "verdict proof" if you are unemployed. The creditor would then own to refile to seize the funds from your bank accounts and that is to say only if permitted in your state.
If you are unloading SSDI then they can not touch those funds at all except for put money on taxes, child support or criminal fines owed.
You might want to call the court that issued the judgment and speak to them to find out for sure.
Hope this help answer your question.
No, they are not considered earnings. However, you should hold showed up to court at the hearing to garnish your wages and/or guard accounts and notified the judge of your situation. This would enjoy prevented a lot of headaches. You entail to consult with a lawyer and try to seize back into court to settle the situation, possibly.
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