Can a signature loan company garnish social security payments for non payment of the personal loan

Attorney answers (3)

1. 

   John Cantrell

   Goose Creek Bankruptcy Attorney

   Contributor Level 8

   3

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   Answered February 16, 2013 14:45. No, they can't. It is best if the account where the SS funds are being deposited contains only deposits from SS, and not other income. This makes it easier to prevent the SS funds from being improperly garnished.

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2. Licensed in MO

   

   Gary Bollinger

   Saint Louis Chapter 7 Bankruptcy Attorney

   Contributor Level 17

   1

   Lawyer agrees

   Answered February 16, 2013 16:22. Missouri has some procedures for designating a bank account as "social security funded" only.
   Ask your bank.

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3. 

   Matthew Berkus

   Denver Bankruptcy Attorney

   Contributor Level 15

   2

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   Answered February 16, 2013 14:52. They cannot garnish the Social Security administration.
   
   However, as has been pointed out, you will want to put the funds in a specially designated account and that account must only contain SSI funds. Ultimately, the burden is the debtor (you) to raise the exemption.

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