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Does the creditor have to get a court order each time they levy money out of an account once they took money out the first time?
It depends on the circumstance. If for the same account or debt then no, the creditor has the right to exercise said levy until restitution is made upon that debt. If there are multiple debts with the same creditor, each debt should carry its on legal action unless consolidated by court, or your personal agreement with the creditor.
What else can I help you with?
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 take money from deceased bank account without written permission from executor?
It is possible for it to happen. They would have to have a court order to do so.
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 a creditor levy a joint bank account?
If you are the not named on the judgment levy, you must file a petition with the court where the judgment was granted to have the confiscated funds belonging to you returned. The court will require proof of what portion of the funds in the account were yours. If the account was held jointly by a married couple in a community property state the total amount of the account if not considered exempt (SS benefits, public assistance, private pensions and disability benefits) is subject to seizure by the judgment creditor even when only one spouse is the judgment debtor.
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.
Can a creditor or debt collection agency access my bank account for debt collection?
Yes they can. After they have obtained a court judgment. I fell behind on two payments on a court ordered payment plan and the creditor sent a letter asking me to contact them within 10 days. I did not. I am not sure how they were able to do it, but they got a court order placing a hold on my checking account (took all the money that was available) and I am not able to withdrawal any money from the account until such a time that the debt is satisfied. I would advice that you contact them to try and set up some sort of payment plan if and when they do get access to your account.
Can you make payments to a creditor who froze your bank account?
Payments can be made from out of the frozen accounts simply by authorizing the bank to transfer the money in the frozen account directly to the creditor.
In Georgia can a judgment creditor take money from your bank account?
Yes. A bank account can be levied by the judgment creditor even if the account is jointly held. If the account is joint and only one of the account holder's is the named judgment debtor, the non debtor account holder must submit proof to the court as to the amount of funds belonging to them in order to protect those funds from being seized. When it concerns such joint account the court will generally freeze the account and allow the non debtor a specified amount of time to claim his or her exempt funds that are in the account.
What term describes any kind of money a creditor must accept by law for payment of a monetary debt?
A judgment is a court order issued by the court stating that the creditor has won the lawsuit and is entitled to a certain amount of money.
Can you sue a creditor for taking money out of your account without your consent?
You can't if you owe the creditors
Can a bank go into your checking account and take money out If I am overdue on credit card payments?
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.
Is it harder for a creditor to freeze a bank account if you live in one state and bank in another state?
A creditor CANNOT freeze a Bank account only a Judge can. You will be summoned to Court before this happens. Can a creditor freeze my bank account? QUESTION: Today I discovered that a creditor has frozen my bank account. I'm barely earning any money right now, and with three kids I can't afford to lose any of these savings. Is this legal? The creditor does have a court judgment against me. ANSWER: Bad news: It is legal for a creditor with a court judgment against you to freeze or "attach" your bank account. Some creditors, like the IRS, can attach your account even without a court judgment. But there are limits to what the creditor can take from your account. If all or some of the money came from sources such as Social Security or a public assistance program, this money would be protected. To prove that you deserve this protection, however, you'll have to ask for a hearing. How to request a hearing, and how soon you must request it (usually pretty soon) varies from state to state. The best way to start is to ask the bank for copies of all the attachment papers. These papers normally outline the next procedural steps. Or, call your local legal aid office for advice and possibly low-cost legal representation. Y-THINK-Y * Yes, filing an abstract judgment in a state other than where the judgment was entered is only possible against real property. The exception would be if the bank where the account is held also has locations in the state where the judgment was entered.
