A creditor with a judgment can garnish your wages, your saving and checking accounts, Certificates of Deposit (if you have any), pension funds that are being paid out, unemployment benefits in many states, state income tax refunds in many states. They can also put a lien in many cases on any real property. For instance, a mechanics lien can be placed on your car, so that if it is sold the title will not be relased until the outstanding balance of the lien is satisfied. The same can be ordered for your home, any recreational property you might own, any RV's you might have. If you are a farmer, liens can be placed on any crops you might have against sale at harvest. there are a wide variety of ways to collect a debt.
They can levy bank accounts in most cases, they cannot garnish wages.
If a court or the government required garnishment of wages, then it would not matter what bank the account was in.
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
The only way your bank account can be garnished--is if there is an court order. If they took you to court and receive a judgment against you, yes they can garnish your wages. Also, if you were summon to court but did not show up, it will be judgment by default and your wages and bank account can be garnised.
That depends on the nature of the debt and the laws of your state. You should seek the advice of an attorney to discuss your exposure.
They can levy bank accounts in most cases, they cannot garnish wages.
If a court or the government required garnishment of wages, then it would not matter what bank the account was in.
Yes! Creditors can garnish a personal checking account. As long as the creditor has the checking account info they can garnish a checking account.
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
The only way your bank account can be garnished--is if there is an court order. If they took you to court and receive a judgment against you, yes they can garnish your wages. Also, if you were summon to court but did not show up, it will be judgment by default and your wages and bank account can be garnised.
garnish their bank account or their wages
Yes. Many creditors do this due to the 25% cap on wage garnishment. It is a way for them to take more, potentially all of your wages. Your safest bet to avoid this is to open an account with another bank and never receive your wages by direct deposit.
Yes they can garnish and if you try to run from it eventually you will go to bank and your bank account will be frozen so best advice make as much effort as you can if you work with them they will work with you.
No, commercial creditors can NOT attach your tax refund. EVER!Your tax refund can only be attached for debts to the government (including back taxes), unpaid government-backed student loans, or child support that is in arrears.That said, if you have commercial debts and the creditors get a judgment against you they may be able to capture funds from any bank accounts that you have as well as garnish your wages in some states. If they attach your bank account, as soon as your tax refund hits the bank it could be subject to seizure at that point.No, commercial creditors can NOT attach your tax refund. EVER!Your tax refund can only be attached for debts to the government (including back taxes), unpaid government-backed student loans, or child support that is in arrears.That said, if you have commercial debts and the creditors get a judgment against you they may be able to capture funds from any bank accounts that you have as well as garnish your wages in some states. If they attach your bank account, as soon as your tax refund hits the bank it could be subject to seizure at that point.
No but you must prove that money in the account came from those sources and not from gainful employment...
That depends on the nature of the debt and the laws of your state. You should seek the advice of an attorney to discuss your exposure.
If you owe a debt to a bank they can seek a petition from the court to garnish your wages.