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  1. #1
    Join Date
    Apr 2018
    Location
    Long Beach, CA
    Posts
    236

    Default Can Personal Injury Money be Reached by Creditors for Your Debts

    As we all saw in the OJ Simpson case, a pension (and possibly a 401K) is untouchable.

    When a person trades his injury for a $1M, that money sitting in an acct is essentially his right arm in the form of cash. How could a person be forced to give up his personal injury money to settle a debt?

    My wife recently received $35K for a workman's comp personal injury claim and my EA says it was all non-taxable.

    I cannot see how any of your personal injury money could be seized during a bankruptcy. Well, maybe the past and future lost earnings of that money could be seized because that is income compensation, not personal injury compensation.

    Sure, I don't sound like I know the law, but you guys don't sound like you know for sure either.

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