Court Rules Social Security Payment May Be Seized

Social securities payments cannot be garnished under Florida law. Social security income is not counted as income under the means test. However for those people who owe student loans, social security income is at risk. The MSN website recently had an article about a Supreme Court ruling that subjected social security to garnishment for student loan debt. Link: Court: Social Security can be used to pay debt - The Changing Court - MSNBC.com.

People nearing retirement with old and forgotten student loan debt are at risk under this Court ruling. People may find the government waiting to pounce on their social security checks to collect past due student loans. Student loans, tax debt, as well as child support and alimony, are very difficult obligations to evade under bankruptcy and other federal law

posted by Jonthan Alper, asset protection and bankruptcy lawyer, Orlando, Florida