Can veterans disability payments be garnished?
Generally speaking, VA disability benefits can only be garnished if the individual who is receiving those benefits has waived military retired pay to obtain the VA compensation. In this case, only the amount of disability compensation that was paid in place of the military retired pay can be garnished.
Can debt collectors garnish VA disability?
Generally no, debt collectors can’t take your Social Security or VA benefits directly out of your bank account or prepaid card. This is called a “garnishment.” A U.S. Department of Treasury rule requires banks to. There are some exceptions to this rule, which are explained below.
Can my wife’s bank account be garnished for my debt in California?
In California, creditors can generally garnish your spouse’s wages for a debt that you incurred when you were married. However, Texas is a community property state that does not allow creditors to garnish your account for your spouse’s debt if it is not a shared account.
Can creditors go after my spouse for my debt?
Usually, a person is responsible only for his or her own debts. However, if both you and your spouse signed for the debt, then the creditor can usually come after either of you to get payment. …
Why do husbands lie about money?
Kendrick says the chief reasons people lie about money to their partners are pragmatism, control, guilt, and fear. The pragmatic lie may result from planning an eventual split and not wanting the other to know how much money is available.
Should I marry a girl with debt?
Marrying someone with student debt could impact your future financial plans. Student loan debt shouldn’t keep you from marrying someone you want to spend the next, oh, 60 years with — if you know what you’re getting into. Undisclosed financial problems can put a tremendous strain on your relationship when they emerge.
Should you marry someone who has a lot of debt?
When deciding whether to pop the question ― or agree to a proposal ― it’s important to consider how debt can alter the relationship. From a legal standpoint, bringing debt into a marriage doesn’t mean the other spouse becomes liable for it. That remains the responsibility of the person who accumulated it.