Debt Collectors Can Seize The New Stimulus Checks! Law Makers Working Fast To Prevent.

The latest round of stimulus payments that started going out over the weekend, and according to CNN, these payments are open to being seized by debt collectors. Law makers are rushing to fix this problem. 

As it stands, it's possible debt collectors could seize the federal government issued stimulus of up to $1,400 per person, that is being directly depositing into people's bank accounts.

Recipients of the stimulus check who have had a judgement placed on them by a company due to unpaid medical bills, credit card bills,  could have this emergency cash taken out of their bank accounts.

Last year legislation was put in place by Congress to protect stimulus payments from debt collectors. According to Forbes, however, "because President Biden's America Rescue Plan was passed through the budget reconciliation process, lawmakers were unable to include those same protections for this round of stimulus checks."  Therefore, Sen. Ron Wyden, a Democrat from Oregon, plans to introduce a fix the early part of this week that would shield the payments from garnishment.

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