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When a judgment has been made against a person will this affect checking or savings accounts in Michigan?
Wiki User
∙ 18y ago
A writ of judgment can be used to levy a checking or savings account that belongs to the debtor. Joint accounts can be partially protected but the other account holder must file the proper documents with the court where the judgment was granted. The bank has no obligation to notify the account holder(s) that the account has been levied. The account holder(s) should remove funds and close the account if at all possible. This can only be done BEFORE the judgment has been executed.
Wiki User
∙ 18y ago
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Are collection services allowed to levy bank accounts?
In most states it is possible for a creditor or collector who wins a lawsuit judgment to execute the judgment against checking or savings accounts even when the accounts are jointly held. how about in the state of Texas
Can I open a savings account if I have a judgment against me?
Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.
In Michigan can the lender garnishe your wages for a repo car?
If they have a judgment against you, yes.
In the State of Michigan can a joint checking account be garnished if only one person on the account has the judgment against them?
In Michigan, a joint checking account can potentially be garnished if one person on the account has a judgment against them. The funds in the account are typically seen as joint property, meaning they can be used to satisfy the debts of any account holder. However, there may be exceptions if the non-debtor can prove that the funds in the account are solely theirs. It is advisable to consult with a legal professional for specific advice regarding your situation.
If you already have a judgment against some one how do you go about freezing their accounts?
garnish their bank account or their wages
You have a default judgment against you for money owed can they put lien on bank accounts?
Yes, any type of judgment will allow the creditor to levy on the debtor's bank accounts. Since it is a default judgment, it might be possible to apply to the court to have it set aside, if the circumstances are right.
Is a judgment against the person or property?
A judgment can be against either the person or their property. A personal judgment is against the individual's assets or income, while a lien on property is against the person's property.
Can a creditor garnish wages and seize money from a bank account in Michigan?
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
If you have a judgment against you and you die do the judgment disappear?
No, it is levied against your estate.
How many times can a collection agency freeze your bank account?
Actually, the only way for them to do that is if they have been awarded a judgment against you, if they don't have one than they shouldn't be freezing anything. If they do have a judgment on you and have file a writ to attach you accounts than it is only for the amount they were awarded in the judgment.
If one has a judgment against them in one state that causes their driving license to be suspended can a license be obtained in another state?
Nope! The suspended license judgment information is entered into a national database that all states use when checking the applications.
Can you stop a creditor from freezing funds in a joint checking account that includes the paychecks of your spouse who is not involved in the debt?
Yes. Creditors cannot seize bank accounts except by due legal process. Which entails filing a lawsuit, winning a judgment, executing the judgment against the debtor's nonexempt property. The defendant is given an opportunity to claim exempted property before the judgment is rendered. A summons should never be ignored. Not appearing to defend a suit results in automatic default for the defendant.
