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A creditor can not seize your account unless: 1) They are also your bank and you signed agreements allowing "right of offset" where the bank can take funds from your accounts to satisfy delinquent loans you have with them. 2) Your creditor obtained a court order allowing them to attach funds or place a levy on funds. Insufficient income is grounds for credit denial but I am not aware of any possible situation where funds in a bank account may be frozen or taken when a loan is current and low income is the only problem.
What else can I help you with?
Can a creditor seize your checking account after you file bankruptcy?
Not without the approval of the court
Can a creditor seize joint account with children?
Yes, a creditor can potentially seize funds from a joint account if one of the account holders has an outstanding debt. However, the rules can vary based on jurisdiction and the specific circumstances of the account. If children are named as joint account holders, the creditor may have limited access to those funds depending on local laws. It's advisable to consult a legal expert for specific guidance in such situations.
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.
Can a creditor seize your bank accounts in Kansas?
Yes, in Kansas, a creditor can seize funds from your bank accounts under certain circumstances, typically after obtaining a judgment against you. This process is known as a bank levy, where the creditor can request the court to allow them to take funds directly from your account to satisfy the debt. However, certain exemptions may apply, such as protecting a portion of your funds, especially those related to public benefits or wages. It's advisable to seek legal counsel if facing potential account seizure.
Can retirement income be garnished by creditors?
Yes, that is true but the bank can go to court and get a judgment against you then call the county sheriff to go to your house and seize your personal assets from your house to satisfy the debt! No. Not directly but according to Carol: http://www.creditmagic.org/garnishment/card-debt.html Social security benefits can only be garnished for recovery of Federal Taxes and alimony and child support obligations but, it cannot be garnished for recovery of credit card or any other types of debt. However the creditor can bring judgment against you to garnish your bank account. If the creditor garnishes your bank account then your account may be debited in full whenever any money gets credited in the account.
Can a creditor seize your checking account after you file bankruptcy?
Not without the approval of the court
What property can a judgment creditor attach if you do not own real property or vehicles and the only money in your checking account is from regular wages?
They can garnish your wages. Texas only allows a judgment creditor to garnish wages if the creditor has no other options available to execute the judgment. A judgment creditor can levy a bank account including a joint account or a joint marital account. Regular earned income (wages) deposited into a bank account are NOT exempt from creditor seizure. The creditor may also seize and liquidate any non exempt assets belonging to the debtor (bonds, stocks, jewelry, livestock, a specified amount of tools of trade, in some cases household furnishings, etc). Texas is a community property state, therefore, it might be possible for the judgment creditor to seize joint marital property even if only one spouse is the debtor. Some income, however, cannot be attached by creditors or persons who prevail in a lawsuit. For example, disability income, Social Security income and military retirement income cannot be garnished or attached by a creditor.
Does a creditor who you owe money to have the right to seize your bank account in California if they bought out that bank?
yes
Can a creditor seize joint account with children?
Yes, a creditor can potentially seize funds from a joint account if one of the account holders has an outstanding debt. However, the rules can vary based on jurisdiction and the specific circumstances of the account. If children are named as joint account holders, the creditor may have limited access to those funds depending on local laws. It's advisable to consult a legal expert for specific guidance in such situations.
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.
In Texas can a creditor judgment for an unpaid phone bill be enforced as a wage or tax refund garnishment or a bank account levy?
A judgment creditor can levy a bank account even if it is joint. A judgment creditor can only garnish income if there is no other way to recover monies owed. A judgment creditor can place a lien against real property but cannot perfect the lien as a forced sale of a primary residence. A judgment creditor cannot seize a tax refund.
In Texas can a judgment be used to seize an income tax refund?
No if it is for creditor debt. Yes if it is for child support or tax arrearages.
How do you seize a personal tax refund after obtaining a judgment against the person in new york state?
A judgment creditor cannot seize a refund, that action is only available to the IRS, state tax agencies or state child support enforcement agency. The judgment creditor would need to levy the debtor's bank account, garnish income or enforce the judgment by other means allowed by the laws of the debtor's state.
Can a creditor seize your tax refund?
If the creditor is a government agency, then yes. If the creditor has not won a court settlement to garnish your wages, then no.
Seize bank account for credit card debt?
If your bank account has been seized because of a debt you owe, you should call and work out a payment arrangement with the creditor. You should also start a new bank account.
Can the credit card co take your state income tax return you file joint with your husband who is retired?
No. A creditor cannot seize any property belonging to a debtor until said creditor sues the debtor(s) and receives a judgment order.
Can a creditor seize your bank accounts in Kansas?
Yes, in Kansas, a creditor can seize funds from your bank accounts under certain circumstances, typically after obtaining a judgment against you. This process is known as a bank levy, where the creditor can request the court to allow them to take funds directly from your account to satisfy the debt. However, certain exemptions may apply, such as protecting a portion of your funds, especially those related to public benefits or wages. It's advisable to seek legal counsel if facing potential account seizure.
