In the majority of US states most bank accounts even those that are joint can be levied by a judgment creditor. The determining factor is how the account is established under the existing state laws. Joint marital accounts in states that are held in Tenancy By The Entirety cannot be levied when only one spouse is the debtor.
My husband had co-signed for a car for his daughter over 7 years ago before I even ment him and the car was reposesed for non payment. The loan company came after my husband and a judgment was filed against him. Although he did not have his own checking account, we have a joint account. (I put him on my account after we married). Unbenounced to me, they went into my checking account seized it and took every penny I had. So yes..this does happen. Be carefull about who you have a joint checking account with, because It happend to me!
Can a bank garnish your wages for a repo in the state of Florida
Yes, Florida allows wage garnishment by a judgment creditor.
becuse was the wages
If you default on a car loan the creditor may obtain a court judgment that will enable it to garnish your wages. The rules are provided at the link below.
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.
Yes, with a valid judgment any creditor can garnish wages in the majority of U.S. states.
In the state of Florida a creditor is only allowed to garnish a certain amount of your wages up to twenty five percent only if you meet a certain threshold or if it is in regards to child support , alimony , unpaid property taxes or unpaid federal student loans.
Sure.
They can levy bank accounts in most cases, they cannot garnish wages.
Yes, a creditor can garnish wages even if a levy was lifted on the account. This would require a judgment and the court documents.
Yes he can, but only with a court order.
If the creditor is a government agency, then yes. If the creditor has not won a court settlement to garnish your wages, then no.