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garnish of pensions

if a defined company pension can be garnished from a civil lawsuit arising from a auto accident in the state of florida and it is the only source of income at what percentage

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Answer #1

I HAVE A 2003 AUDI I JUST RETIRED OFF MY JOB AND CANNOT AFFORD 645.00 DOLLAR MONTHLY CAN MY PENSION CHECK BE GARNISHED? I STILL OWE 19,000 ON LOAN

Answer #2

I can’t claim this answer — but I think it might be helpful towards what you’re looking for — for a REAL and CORRECT answer, you should contact a lawyer in your state to know the actual facts for you…

The information I find is…

Pensions can be garnished. They are considered taxable income. It is possible, however, that the amount of your pension doesn’t allow for garnishment. There is a minimum income limitation, and if you’re under that amount, they cannot garnish. It also depends on the type of pension and exemption laws in your state. Some pensions are totally exempt from garnishment for commercial debt (but could be garnished for child support or alimony). You really need to check your state laws. Many states protect certain pensions or a portion from garnishment just as federal law protects social security benefits, military retirement and veterans benefits from garnishment for commercial debt.

I strongly suggest you contact a legal professional to get the best (and correct) answer.

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