Im on SS1. Have no assets. Have no savings. No drivers license. Sure a judge could rule that i owe a debt and it can be collected. But the debt collectors have no method to collect any money from me. Boom judgment proof.
He is trying to scare people, he sounds like a Bankruptcy Attorney. A claim of exemption will not take 2x weeks.If you have less than 2x your monthly Federal benefit. The bank will not touch it and you will not have to file a Claim of exemption. Don't let this guy scare you. You should contact Helps nonprofit firm.
Not entirely true .banks wont honor a levy where social security benefits are deposited. In fact twice the amount of social security benefits are protected
I went to the hearing and told the judge my only income was from SSD. She ordered they must have a show cause hearing before garnishment of checking account.
@@marcogodoy12 You do not have to go to court if your income is from a Protected sources. Call helps nonprofit law firm, Or go to the website. They will help you for free for next to nothing.
My income is VA Permanent & Total Disability and Social Security...and it is exempt for up to 2 months net receipts. I have no real property that can be attached. In my home state, an automobile is also exempt property, as is the home of a Disabled Veteran. I also have friends in the media, so creditors know that the optics of going after a Disabled Veteran are poor, to say the least. My question is different though...why would any creditor write paper to someone whose sole source of income is from SS and VA? Aside from the obvious inconvenience angle to the debtor...this situation will ALWAYS be a lose-lose proposition for the creditor, unless it is a secured debt. Frankly, if I were a creditor, I would never lend unsecured to someone in my status.
you may not need to, depending on your state. Its called a Homestead Exemption. Most Creditors Know this but will not tell you. The only way they can collect is Scare Tactics
@@shynenunez33 Please, Please Check out Helps Nonprofit Law Firm. They will not charge to talk to you. Lots of Bankruptcy Lawyers will charge you Thousands and will steer you to Bankruptcy when you have other options that are better.and will cost you little or Nothing.
So once i notice am getting sued. Meaning there a court date. So my bank account is yet not Froozen meaning before the Judge issues a Judgment Can i take my money out. Before the Judgment. I check my civil cases on the state court site. Every few days. So far no cases show up online ... I owe $12,000. ? Or do the courts freez my account before mailing the Judgment or. Would i have a few days to empty my account
What if you don't have a bank account and assets and you don't even make money because a family member is taking care of you? I have nothing in my name.
i was on track with lending club , never missed a payment ., durning covid the stopped auto draft for 2 months , nov-dec. then they wouldn't turn auto draft back on , the lady on the phone said the employee messed up but the account was sold so now im fucked .. smh
Great question, and a little difficult to address comprehensively in this forum, but here is a summary. The first step, which your question presumes, is to obtain a judgment against a lender. Circumstances vary widely what factual situation forms a valid basis to sue a lender. Likewise, the legal process to begin a lawsuit through to judgment can be fairly extensive, but hopefully it ends with a judgment in favor of the consumer or aggrieved business. Once a judgment has been obtained, the process to collect on a lender is substantially the same as any other legal collection process for a business. Normally, you'd make a request for asset information (which the law requires a response to), and then the aggrieved party seek a court order to collect on the assets. I hope that helps!
Im on SS1. Have no assets. Have no savings. No drivers license. Sure a judge could rule that i owe a debt and it can be collected. But the debt collectors have no method to collect any money from me. Boom judgment proof.
In PA. they are not allowed to garnish wages or social security or pensions
Banks will investigate any garnishment and if there is a protected source of income, they will not freeze 2x the amount of that protected source.
Also pensions are protected, Most Debt Consolidation Companies accept large Grants from the finance industry.
Thank you. That nullifies a lot of stuff I've been reading about on the internet.
He is trying to scare people, he sounds like a Bankruptcy Attorney. A claim of exemption will not take 2x weeks.If you have less than 2x your monthly Federal benefit. The bank will not touch it and you will not have to file a Claim of exemption. Don't let this guy scare you. You should contact Helps nonprofit firm.
There's no exemption a creditor can get for SSI. Even child support enforcement cant touch that money.
I thought the bank would prevent the freezing ...no?
Not entirely true .banks wont honor a levy where social security benefits are deposited. In fact twice the amount of social security benefits are protected
If a bank account is frozen, can deposits still be made, like Zelle or Venmo?
I went to the hearing and told the judge my only income was from SSD. She ordered they must have a show cause hearing before garnishment of checking account.
And can you tell me what happened?... I have to go to court at the end of the month.
@@marcogodoy12 i have no assets, no income, literally nothing, cant work, and can't pay back my cc debt so what would happen to me?
@@marcogodoy12 You do not have to go to court if your income is from a Protected sources. Call helps nonprofit law firm, Or go to the website. They will help you for free for next to nothing.
My income is VA Permanent & Total Disability and Social Security...and it is exempt for up to 2 months net receipts. I have no real property that can be attached. In my home state, an automobile is also exempt property, as is the home of a Disabled Veteran. I also have friends in the media, so creditors know that the optics of going after a Disabled Veteran are poor, to say the least. My question is different though...why would any creditor write paper to someone whose sole source of income is from SS and VA? Aside from the obvious inconvenience angle to the debtor...this situation will ALWAYS be a lose-lose proposition for the creditor, unless it is a secured debt. Frankly, if I were a creditor, I would never lend unsecured to someone in my status.
How can u hide ya house from debters?😂 in md
you may not need to, depending on your state. Its called a Homestead Exemption. Most Creditors Know this but will not tell you. The only way they can collect is Scare Tactics
any advice how to get out of chapter13 I own a house free in clear but my bills kicking my ass and my lawyer is trash
@@shynenunez33 Please, Please Check out Helps Nonprofit Law Firm. They will not charge to talk to you. Lots of Bankruptcy Lawyers will charge you Thousands and will steer you to Bankruptcy when you have other options that are better.and will cost you little or Nothing.
So once i notice am getting sued. Meaning there a court date. So my bank account is yet not Froozen meaning before the Judge issues a Judgment Can i take my money out. Before the Judgment. I check my civil cases on the state court site. Every few days. So far no cases show up online ... I owe $12,000. ? Or do the courts freez my account before mailing the Judgment or. Would i have a few days to empty my account
How did your case come out?
What if you don't have a bank account and assets and you don't even make money because a family member is taking care of you? I have nothing in my name.
They cant touch u. After 11 years or less automatically debts goes away. Just like our US Gov. Gets its debts paid off or doez not pay
If it’s not in your name- they have nothing to put judgement lien on! But you’ll never be able to put anything in your name ever! Or get loans!
@@Artful.lifestyle I have several credit cards after a judgment against me.
i was on track with lending club , never missed a payment ., durning covid the stopped auto draft for 2 months , nov-dec. then they wouldn't turn auto draft back on , the lady on the phone said the employee messed up but the account was sold so now im fucked .. smh
File a Fraud Complaint with your Bank.
How can one collect judgement against lenders ??
Great question, and a little difficult to address comprehensively in this forum, but here is a summary. The first step, which your question presumes, is to obtain a judgment against a lender. Circumstances vary widely what factual situation forms a valid basis to sue a lender. Likewise, the legal process to begin a lawsuit through to judgment can be fairly extensive, but hopefully it ends with a judgment in favor of the consumer or aggrieved business. Once a judgment has been obtained, the process to collect on a lender is substantially the same as any other legal collection process for a business. Normally, you'd make a request for asset information (which the law requires a response to), and then the aggrieved party seek a court order to collect on the assets. I hope that helps!
Look up consumer laws that deal with debt collection