Collectors and My Pension Check

by edward
(st. louis mo)

I have a small 616.00 a month pension I get from Central States and I receive a social security check each month. This is my only income.

I have two debts that were assigned to me in my divorce 3 1/2 years ago. I am currently 68 years old and in april I will be 69. Since my divorce I have been paying $10.00 a month to each of the two credit card company's which is not even close to taking care of the debt. I know that the credit card companies have sold these debts because I do not get any statements from them.

I know that the collection agencies can't touch my social security, but my question is can they touch my Central States Pension check? Central states is a Teamster Pension fund and is located in Illinois and I live in Missouri in a Missouri Subsidized rent apartment.

Thank you in advance.

Comments for Collectors and My Pension Check

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Nov 10, 2010
collection and your pension account
by: Gerri

Pensions are usually safe from creditors. However, that can vary by state and depending on the type of pension you receive. I don't know specifically whether the pension you receive is safe, and I wouldn't want to steer you wrong.

I would suggest you consult a bankruptcy attorney who can tell you specifically whether your pension is safe. That consultation will be free, so don't hesitate to take advantage of it.

Please keep in mind that in most cases collectors must first take you to court and get a judgment before going after your assets. But, again, it's good to talk with an attorney to get some specific advice.

If your income and assets are safe, then you may need to reconsider how you handle this account. If you can't afford to continue paying on it, you may be able to let the issuer know you are judgment proof and ask them to stop contacting you. Again, the attorney should be able to advise you there.

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