Will they be able to attach your "private accounts" when you go bankrupt?

[kentuck]

I never heard anyone address that?

[acmejack]

1. You mean your "personal account"?

If it is counter to your interests, you can be sure they will try...

[kentuck]

2. Yeah, "private accounts"...

If it was "personal", it would belong to you.

[Blue Diadem]

3. and would they be able to take that first before allowing someone to go on

medicaid if they had to go into a nursing home?

Would someone be able to attach it if a person was sued successfully?

Many unanswered questions on this privatized account idea.

[MikeG]

4. No. The government will control it.

[Name removed]

5. Deleted message

Message removed by moderator. Click here to review the message board rules.

[ugarte]

6. Pensions are judgment-proof, so I doubt it

but as Bush & Co. like to say, "Everything is on the table."

[Guckert]

7. When future Ken Lays buy 12 vacation homes then declares bankruptcy,

will the Government just laugh at all the morons who went along with the GOP corporate profit retirement program.Or will they go after the CEO's of these government picked plans.

[oneighty]

8. kentuck

is on a roll today.

He is bringing up subjects dear to me and mine.

He reminds me that I am way over the hill and that because of that my opinions and dreams and thoughts are no longer important to the future.

He reminds me that my time is past. He brings to mind the words of a song from the play Cabaret. "Tomorrow belongs to me." (I think?)

And it is true. Tomorrow belongs to the young. It is theirs to do with as they will.

I can no longer aid in their decision.

180

[kentuck]

9. Thank you , Good Man...

I always appreciate your words. :)

[JohnnyRingo]

10. Just saw it considered today:

<excerpt>
Suppose, just suppose, Bushco is able to push through its Social Security Destruction Policy and establish private accounts and people begin to divert guaranteed retirement money into speculative retirement money accounts.
<snip>
And then suppose that Bushco pushes through a policy that vastly enhances the power of creditors at the expense of the protection of debtors, making bankruptcy, no matter how honest, no longer a legal option.

And then suppose that debtor family, who had been contributing to a private account instead of Social Security, their savings obliterated by a catastrophic illness to a son or daughter, broken by debt, hounded by creditors, can no longer seek bankruptcy but also has no legal recourse when creditors go after that private account for payment on debts.

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