Who can get a judgment against Bnk acct? or 401K, IRA?

[mar]

Can anyone who buys the debt from the cc co get a judgment and sieze your bank account, or just the original CC Co? Can CC co or the people that buy the debt get a judgment against a retirement acct (401K or IRA)? I am so worried they will take what little I have for medical. My only income is SS I just started to receive. THXS

[Genenco]

Can anyone who buys the debt from the cc co get a judgment and sieze your bank account, or just the original CC Co? Can CC co or the people that buy the debt get a judgment against a retirement acct (401K or IRA)? I am so worried they will take what little I have for medical. My only income is SS I just started to receive. THXS

OK, I am getting this:

1. You are 62 or older. Cool my mother worked till she was 69 and she only retired due to medical conditions. (And for 5 years, she looked into brain surgery as a way to change things..no luck)

2. You probably don't own a home.

3. You have a IRA, 401K and/or SS

OK, here's what I was able to find out:
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A judgment creditor cannot levy on your 401(k), but they can levy on your bank account and money from a 401(k) distribution would be vulnerable if it was in your bank account at the time the levy occurred.
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Now I would STRONGLY suggest you contact a lawyer for full and complete protection and advice..I'm NOT a lawyer and sure wouldn't want you to take what I found on the net as Gospel

[mar]

My home was foreclosed on a few days ago. I was in bad financial shape from gambling debt, then hurt myself at work, and now had to file for widows benifits (SS) because I can't work, and it was going to take to long to get disability. I have an atty for WC, but it will take over a year before I even will be medically released. My retirement accts. are all I have for health ins, but I can hold off for a while. I know my ss is exempt, so I'm guessing from you post I should be ok on 401 and Ira. I couldn't find what I needed on the net, but will look again. Thanks for your time.

[Genenco]

My home was foreclosed on a few days ago. I was in bad financial shape from gambling debt, then hurt myself at work, and now had to file for widows benifits (SS) because I can't work, and it was going to take to long to get disability. I have an atty for WC, but it will take over a year before I even will be medically released. My retirement accts. are all I have for health ins, but I can hold off for a while. I know my ss is exempt, so I'm guessing from you post I should be ok on 401 and Ira. I couldn't find what I needed on the net, but will look again. Thanks for your time.

OK, but again I strongly encourage you to see a lawyer...In this case (Like any other) there are ALWAYS "Differences" which can either help or hurt you. Be safe, secure a legal rep if you can.

Here's what I used to find the quote I gave:

creditor cannot levy on your IRA
creditor cannot levy on your 401(k)