Are Pension Benefits Exempt From Debt Collection?

By: Robert J. Nahoum THE PROBLEM: After falling on hard times debt collectors have been after you, some have even sued. A judgment has now been entered against you.  You are on a fixed budget and your only sources of income are social security and pension benefits?  You’re now wondering if the debt collector levy on your pension to satisfy […]

What is a Deficiency Balance?

By: Robert J. Nahoum Secured debts are debts in which collateral (property) has been pledged as security for payment of the money lent.  The two most common examples of secured debt are mortgages on home loans and title liens on car loans.  In each case, if the consumer defaults on the loan, the bank can take the property and resell […]