If there is a garnishment that has been filed with the court, it is legal to have wages garnished up to 25% of the net amount. A savings account can also be attached but again, needs to go through a court of law.
Highly unlikely. The check you offer them is a legal promise to pay. With a savings account, you have no means of making such a promise.
Your bank account can be garnished if you have an unpaid bill that has remained unpaid for a long time. The company (or the debt collector) can take legal action to recover the money owed from either your wage, or your bank account. There are specific laws for each situation, so you need to be careful. Best option is just to make sure your bills are paid on time.
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.
Technically no. However, if you deposit your checks into a bank account, the money in the account can be seized and you'll have to file legal papers proving the source of the money was in fact unemployment in order to get it back.
If you have given an auto debit instruction then the bank can deduct the money from your savings account. If you default on the payment continuously, then the bank would send you a legal notice and then confiscate all your deposits with the bank to recover their amount.
The savings bond is part of the estate. There could be legal consequences for cashing it.
Yes.
A credit card company can refuse your offer of settlement and proceed with legal action. They must win their court case and have a judgment declared against you before your wages or bank account can be garnished.
Yes, a bank account can be garnished if the secondary account holder owes someone. If there is a legal judgment against the secondary account holder, the creditor may obtain a court order to garnish funds from that account to satisfy the debt. However, the specific rules and limits for garnishment vary by jurisdiction, so it is best to consult a legal professional for advice specific to your situation.
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
No, they cannot. A subpoena is a legal request from law enforcement authorities which has to be obliged by all people to whom it is served. In this case, a bank has to oblige and share the savings account records of the customer who is mentioned in the subpoena. However, without a subpoena, the bank cannot and will not share customer details with others.
If the funds in the account are only disability income funds, usually not, but it depends on state law, so check with a local attorney, legal services office or your state Attorney General's office.