Wage garnishments and collections
in Law ·
ruggedmaker2 said:Look, winnings from sweepstakes or whatever aren't off-limits when it comes to garnishments. They aren't protected. You won't see that money sitting in a protected account. Just check out Article 172 of the Bankruptcy Code if you don't believe me.
And even if you try to make deposits, the cash isn't going to stick. (The only way people can deposit into a protected account is if you personally registered them with the IRS, and then the IRS logs their Social Security number into the system and clears them to pay into that specific account). You’ve got to give this quiz your regular checking account number. And once you do, the garnishment is just going to swallow it whole.
My boyfriend gave me power of attorney over his account, so my prize didn't get eaten by the garnishment. I knew there had to be a way. I didn't want to send it to my regular one, just the one where I'm authorized. So yeah, if you've got garnishments and frozen accounts, that’s how you actually have an account where money can land without the IRS touching it.