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Can a creditor garnish wages and seize money from a bank account in Michigan?
Wiki User
∙ 2009-10-22 11:20:43
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
Wiki User
∙ 2009-10-22 11:20:43
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Can a creditor garnishment my bank account when all the money in it is Federal annuity?
yes, i creditor can garnish a bank account to $0 regardless of where the funds in the account came from
Can creditor garnish child support income from bank account?
The source of money is not the issue here, only that there is a checking account that can be garnished. It does not matter where the money came from.
Does a creditor have to have a court order for garnish a bank account?
Yes. A creditor can not just simply walk into a bank and demand your money. Only a court can have a creditor take money from your bank account. Actually, the court would probably order the bank to pay a certain amount to the creditor from your account rather than give the creditor the right to take money out of your account. A supreme court decision stopped that racket in Arizona.
Can a creditor garnish wages on a bank account of a VA check and Social Security check?
No but you must prove that money in the account came from those sources and not from gainful employment...
Can collectors garnish money from my spouse's bank account if i am not on the account?
They can if he/she is on the collections account.
Can a creditor take money you win in a law suit for a injury case?
You owe them money. If you have money, the source of that money does not matter, they creditor can place a lien or garnish payments or get a court order for what is owed.
In Pennsylvania can a creditor garnish your social security disability money?
Maybe; best see a lawyer.
How long does it take a creditor to garnish your wages?
Time to GarnishmentThe creditor first has to get permission from the courts to do so. It takes up to two years for the process. But it could take as little as six months. In Texas they can't garnish your wages at all.True, in Texas creditor's can not garnish your wages, but once the money is deposited in to your account, is not wages anymore and yes only after a judgment creditor's can freeze your bank accounts! If you are being sued, contact an attorney and and get legal advice. Filing for Bankruptcy will stopped everything.
Can the state of Michigan garnish money out checking accounts for child support?
The State can place a lien on bank accounts and other assets. The lien freezes the account.
If you have a nonperiodic garnishment against you in the state of Michigan can they garnish a joint bank account?
Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
Can a creditor take money from your checking account?
It depends. If:you have a monthly loan repayment agreement with the creditor wherein the creditor automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the creditor reg. the sameThen, the creditor can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the creditor cannot deduct any money from your account without intimating you.
What is creditor account with debit balances?
A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.
