If you have received a personal injury or workers’ compensation settlement recently, or will in the near future, you need to take action to protect this money. Your injury settlement monies are “exempt”. This means that a creditor can’t take it from you by a bank garnishment, and, if you file bankruptcy, it means that you can keep all of it – even if your settlement was several thousand dollars. However, there are steps you need to take to receive this protection.
The first step is to keep that money separate from all other money-like wages. If there are judgments against you, the second step is to deposit the money on a prepaid debit card.
The Steffens Law Office wants to help you exempt and protect your settlement monies from creditor garnishment, and from the Bankruptcy Court, but we need your help in doing so.