Retired and sued for debt? Here's what creditors can (and can't) take
Creditors can sue you in retirement, but they certainly can't take everything. So, what's protected and what isn't?
Watch CBS News
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics, from the benefits of gold investing to the many uses of home equity loans.
Angelica previously held editorial roles at Bankrate, HousingWire and other financial publications, where she focused on insurance, credit cards and mortgage and housing content. She has also written for publications like The Motley Fool and Forbes Advisor. Prior to working in personal finance, Angelica held editorial roles at alt-weeklies that include the Houston Press and the Dallas Observer.
Creditors can sue you in retirement, but they certainly can't take everything. So, what's protected and what isn't?
Bankruptcy can halt many garnishments — but Social Security is a different story. Here's what to know.
The gap between the returns on a $25,000 CD and a $25,000 high-yield savings account may surprise you.
Losing a debt lawsuit doesn't always mean your Social Security benefits are at risk — but there are exceptions.
A DIY approach to debt settlement can backfire if you don't understand the legal, financial and tax risks involved.
Negotiating with your mortgage lender could lead to a lower rate, but is that an effective path in this market?
A garnishment notice can be alarming for retirees, but the right response could help protect your savings.
Struggling to keep up with debt? These options could shrink your monthly payments starting almost immediately.
Social Security is protected from most debt collectors, but that doesn't always extend to the bank account it's in.
Finding the right job candidates can be a tough task, but there are simple ways to improve the hiring process.
If you're a retiree with unpaid debt, it's important to know how a garnishment could impact your monthly benefits.
Just one garnishment has a major impact on your finances, and adding a second could lead to even bigger trouble.
Social Security benefits are legally protected from creditors, but only certain ones. Here's what's off-limits.
Self-employed workers aren't immune to collection efforts, but garnishment works much differently in these cases.
The timing of your settlement offer could have a big impact on how much you ultimately pay to get rid of your debt.