I m 63 yrs old. I have a bank account with too little money deposited. I started reciving Social security pension 2 years ago, my pension is only $ 400 a month but i own alot of medicall billls around $100, 000.
I Lend money to a friend last year for the amount $38, 700.. that money comes from my saving from past jobs and it has been always saved in my security box at home but the problem is the friend moved out of the country for retirement and paid me with a certificated bank check under my name. The bank told me the money has been in hold waiting for me to claim it . I m dying to deposit the certified check in my account where i dontget direct deposit from SS benefits to withdraw it right away as soon cash is clear , It might take problably 3 0 4 days to clear but im afraid that during the bank transit period when cash become available the hospital bill collection agencies deduct part of my hospital bills from that cash in the account &im very afraid that SS Administration monitors the bank account and asks me from where i got that money from?
Could either one of this issues happen.?
Please advice im desperate
First of all, no creditor can attach a bank account without first obtaining a judgment. That process starts with official notice to you, and typically takes several weeks, at least. Secondly, if your $400/ mo. benefit is truly Social Security (and not Supplemental Security Income-- SSI) then your right to benefits is not conditioned on other financial factors. Further, the Social Security Administration has no mechanism to uncover the passage of money through a bank account.
This answer is offered as a public service for general information only and may not be relied upon as legal advice.
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