Is paypal secure against the possibility of garnishment?

It depends on what state you are in as far as where liens and awards can get money. Normally they go after your work. In many states no more than 12 percent of your pay can be taken.

Garnishment of bank accounts is fast becoming the norm and in Tennessee, any bank will fulfill a debit collection. Its really is bank account seizure. But the good news it depends on the state.

If PayPals home state does not have the law on its books about seizures, then no, a company, or entity cannot apply a garnishment to it. In general because PayPal is considered a financial institution, therefore holders have a bank account, then yes as long as there is a court order, the account can be seized. Obtaining a court order for the seizure is a bit more of a process, since the court has to determine if there are other options.In Tennessee this rule does not apply.

A general court order for all financial seizures often covers everything.

I called paypal twice to ask this question and they said that only the state or IRS can take the money but not creditors through court orders as they are not a bank. I suggest taking out your money before going to court, even if you have to go to a cash machine every day for a while to get the $400.00 cash limit untill your account is empty, this way you're not lying when yo say nothing is in your paypal account.

I have researched this question, because it is interesting and did not come up with an absolute straight answer. However, I believe at Paypal we do give our Social Security number and if I am correct on that, yes that money can be found and garnished. If I am wrong and we did not give our SS# at Paypal you still should not feel that money is safe from garnishment.

Paypal is connected to your bank and yes I believe you must disclose that information to a judge. I believe that 401k and savings bonds are safe from garnishment. On the other hand even if you disclose that you have money in Paypal would they actually go after that money?

My thoughts are probably not. I would think they might be interested in the places where you might have large sums of money. I am not an expert by any means, just simply chiming in with my personal thoughts.

flickr.com/photos/cd-key4free/3017411699.

No. Paypal is a bank. This is a confirmed fact and no bank account is secure against garnishment.

There are laws that vary from state to state, but don't bet on it being safe. If you want your money safe - put it in the ground.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.