No property or other land is owned.
Ok i guess the question is, Will they take the social sec. income to pay the debt .
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{ 6 comments… read them below or add one }
Yes, they can.
Yes. You entered into the contract.
Yes, they can sue. The question is whether or not they can execute the judgement and garnish or seize your social secuirty benefits. The answer to that is probably no. But they will sue and continue to protect their interest until the balance is paid in full. Why shouldn’t they?
Yep, you have to pay for what you expect to have. Sorry, life is tough
Unless you seek bankruptcy protection from creditors, they can sue.
If your only income is SS,the only things it can be garnished for is child support,school loans and the IRS. However,if you have any money in a bank account that was not gotten from SS,it is fair game. If you have a joint bank account,that also is fair game.
They can sue you and get a judgment against you,but can’t take your SS check or the money in your bank account if that is your only income.