I was in business a few years and certain circumstanes occured and filed bankruptcy. This came off the report in 2009 and now they are after me. I have avoided them since 2006 which the SOL is May 26, 2010. And another is August 2010.
I have kept them at bay by not completing a change of address when I moved 4 time in the past. I forgot about the SOL and made a COA in Sept 2009 when I made the last move so now I am paying the consequences.
I have a 1997 truck that is paid off. Can they confiscate my vehicle. I am on SSA and SSI. No retirement income. I know they cannot toutch my SSA/SSI but I am concerned about conviscating my vehicle. Is this possible?
Confiscating vehicle
Hi Val,
Can you tell what kind of debt you are talking about? If it's a credit card debt, then the creditor will have to win a judgment to put a lien against your vehicle. However, if it's a lender, then they too can confiscate your vehicle.
However, you are right in assuming that your Social Security benefits cannot be garnished. However, you can declare to the bank where your account is, and to the creditor that all your income comes from social security.
Thanks,
Aaron