Are CARES Act Payments Exempt ?

Under the heading of "one hand giveth and one hand taketh away", attorneys have mused about the possibility that creditors could garnish payments to individuals and corporations that receive benefits under the CARES Act. This concern is particularly acute for individuals who receive the one-time payment through a bank account that is subject to garnishment or attachment. The issue seems to have made the radar of state authorities, who are seeking some sort of remedy from the Treasury Department. Query if this is the wrong approach inasmuch as the states could exempt these payments. For further information, check out ... Law360 (April 13, 2020, 7:31 PM EDT) -- Attorneys general from California, New York and a slew of other states called on the Treasury Department to ensure debt collectors can’t get their hands on the stimulus checks the federal government is giving out to help U.S. residents weather the coronavirus pandemic

Read more at: