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Can your bank account be garnished if you have someone else on your account?
Wiki User
∙ 18y ago
Maybe, it depends on the laws of the state of residency and how the account is set up. Also there are states which do not allow garnishmen or wages or bank accounts for certain debts. In most cases a joint account by persons who are not married can be levied upon. Basically the account is "frozen" by court order, then the non-debtor account holder has to petition the court to release the funds belonging to them. Without knowing the state of residency it is not possible to be more specific, sorry.
Wiki User
∙ 18y ago
Wiki User
∙ 18y agoIn the majority of states a judgment creditor can levy a bank account even if it is jointly held. When an account is joint with the judgment being against only one account holder, the court will "freeze" the account until the non-debtor submits proof of the percentage of funds belonging to them.
Wiki User
∙ 13y agoI do not believe a garnishment can take more money than already is in the account BUT since banks deduct the largest debit first so there are more fees due to overdrawing your account then any checks or credit card debits are likely to come after a garnishment that would be timed to be near the maximum account balance (i.e. not served until day your check is deposited) the other deductions could overdraw your account
(this part based on personal experience in Michigan) it is likely that states have a worksheet that is based on gross value and cost of living that limits the amount of money that can be taken in a certain time period. said worksheet will look like there are laws in place that prevents a person/family from being totally destitute due to a garnishment while not allowing for any money for luxuries
Wiki User
∙ 14y agoA single creditor can only execute a judgment in one manner, that being the case a judgment creditor cannot concurrently garnish income and levy the bank account of a judgment debtor.
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Can a bank account be garnished if you have someone else on your account in V irginia?
Yes, as both account holders both own all of the assets deposited within the account, and regardless of who deposited what.
Can you get in trouble opening a bank account for someone else?
Yes you can. It is illegal to open a bank account for someone else unless they have given a written legal power of attorney to you.
Can someone else's paycheck be deposited to your bank account?
If endorsed. Yes.
Can you open a bank account for someone else?
No, unless you have legal guardianship for that person, a bank will typically require the intended account holder to open the account.
Can you ope a bank account for someone else?
yes as long as they are your children and they still have to be with you
How do you remove someone else's name from a bank account?
A person will need to check the bank's requirements in order to remove someone from a bank account. The primary person will need to contact the bank and will most likely have to go to the main bank branch.
How do you protect bank accounts from judgments?
You must have someone else on the account to prevent this is what I heard
What does IBP CR twice mean on a bank account?
It stands for Inter branch payment. You/someone else has credited your account from another (not your sort code registered bank) account.
Can someone else put a lock on your bank account?
If they have a legal claim on money in that account, and they get a court to issue an order, yes.
Can someone else close a checking account without premission?
No. A checking 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.
Can you deposit a check made out to you into someone else's bank account?
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
Is anyone else check your bank account?
No. Only an account holder can check his/her bank account. If anyone else gains access to your account without your written consent, it is illegal.
