Would money in pay pal get garnished?

[hnhlvr]

If judgments are filed against dh or me and money from our bank accounts are garnished, would money also in Pay Pal be garnished or could it be judgement proof. I realize we wouldn't be earning interest w/money in PP, but what if we stuck a few thousand in there for saftey reasons. . .would that money be safe?

Thoughts?

[bcvw]

You'd be foolish to equate PayPal with safety.

That's the last place I'd stick my savings.

[WoodSprite]

If judgments are filed against dh or me and money from our bank accounts are garnished, would money also in Pay Pal be garnished or could it be judgement proof. I realize we wouldn't be earning interest w/money in PP, but what if we stuck a few thousand in there for saftey reasons. . .would that money be safe?

Thoughts?

Nope. Sorry. PayPal is just another account, and can be garnished. If you've got a few thousand dollars, you can use it to pay an attorney. Then sink whatever's left into exempt items - medical/dental work, home repair (if you have one and you're keeping it), tires & maintenance for your car, if you're keeping it.

You're not going to come out the other side of a BK with a secret stash intact, and flirting with the idea of a fraudulent transfer is awfully dangerous.

[RedLight]

You're not going to come out the other side of a BK with a secret stash intact, and flirting with the idea of a fraudulent transfer is awfully dangerous.

There are ways to keep some cash that are perfectly legal...you just have to figure it out.

[hnhlvr]

Nope. Sorry. PayPal is just another account, and can be garnished. If you've got a few thousand dollars, you can use it to pay an attorney. Then sink whatever's left into exempt items - medical/dental work, home repair (if you have one and you're keeping it), tires & maintenance for your car, if you're keeping it.

You're not going to come out the other side of a BK with a secret stash intact, and flirting with the idea of a fraudulent transfer is awfully dangerous.

I'm not filing for over a year and that is why I'm concerned about judgements and garnishing that may occur in the meantime. Transferring funds to Pay Pal wouldn't be fraudulent unless filing for bk. I'm just trying to avoid having my accounts frozen up and would prefer not stuffing money under my mattress!

[TEW]

If it is only DH that has the judgments and not you. you need to open an account with only your name and SS on it.