Let me make it clear about Can My Retirement Pay and Social Security Be Garnished?

Let me make it clear about Can My Retirement Pay and Social Security Be Garnished?

First, They See You in Court

Here’s exactly how garnishing works: A creditor—let’s call him Mr. Potter—hauls you to, state, the Bedford Falls Courthouse and wins a judgment against you. Why don’t we call you George. We’re guessing there are many fans regarding the movie It is an excellent life out here.

Key Takeaways

  • The U.S. Treasury can garnish your Social Security advantages for unpaid debts such as straight back taxes, kid or spousal help, or a federal education loan that is in default.Continue reading