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Will you lose your funds to the creditors?

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My health condition is not at all good. I may have to retire soon. I owe $40,000 on credit cards. I will move to my son's house in Hermosa Beach, California after my retirement. Can the creditors garnish my SSN? I have around $10,000 in my checking account. Can the creditors touch that fund?

SS is exempt from garnishment. If that $10k is not SS funds, it would be garnishable.

Sub: #1 posted on Sat, 07/20/2013 - 05:21

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(Posts: 17210 | Credits: 4746.27)

Should I offer $10,000 to settle the debt? Will the creditors accept this amount?

Sub: #2 posted on Mon, 07/22/2013 - 09:02


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