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2006-08-18 13:19:46
2006-08-18 13:19:46

A bank account cannot be garnished by any creditor if a wage garnishment is already in force. A wage garnishment is implemented before the employee receives wages owed, with the firs $154.50 (weekly based) being exempt from garnishment. Creditor judgments must run consecutively not concurrently. Joint accounts in most states are subject to levy depending upon how the account is established and the laws of the state where it is held. There are exceptions, if child support is being withheld from the person's wages then a creditor garnishment or bank account levy is possible. Other exceptions could be federal tax arrearages, state tax arrearages, child support arrearages and in rare cases spousal maintenance (alimony).


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It depends on who the garnisment order is against and how it is written. A joint account where only one person is the debtor can be garnished under certain circumstances. The difficulty in figuring out your situation, is not knowing where you reside. Each state legislates its own laws for garnishment of wages and bank accounts. If you live in a community property state, such as CA. and have a joint marital bank account, it can be garnished.

Yes. A joint account held by persons who are not married nor related can be levied by a judgment creditor to the extent of the funds in the account that belong to the debtor.

No, a minors bank account can not be garnished, if they are the only person on the account. If this is a joint account and the non-minor is subject to a judgment then it can be levied or garnished.

An account that has two or more owners.

yes it can..the banks does not care if it is a joint account or not and they do not care if you are married

No. A joint account is not a probate asset. It belongs to the survivor.

Whether you're married or not a joint bank account can be garnished in MA. Garnishments are ordered on the individual's financial accounts and essentially can apply to any form of bank account they own.Ê

If it is a joint account yes. If that persons Social Security number is tied to that account it can be taken. If they are taking it for a lien or garnishment the best solution is to close the account and open it in one name only. The name of the person not being garnished.

Close the account and open another.

under Maryland Law they cannot garnish funds from a Jointly held account unless the judgement was again both owners. They also cannot garnish retirement or escrow account

Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.

Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.

No. Ownership of a a joint account passes automatically to the surviving joint owner unless it can be proven that the account was set up as joint for purposes of convenience only by the decedent.

You can be, although it will be undesirable to the person you're sharing the account with.

can i open joint account with my brother in Italy whiles iam in a broad

The other joint owner(s) are entitled to the funds in the account even if there is a will.

No. it is not mandatory to have a joint account with your spouse. If you feel, you no longer wish to have your spouse in your joint account, you can let them know and then contact the bank to remove their name from the accounts joint holders list.

Most banks have a minimum age of 18 to open a checking account with a parent or guardian. If you open a joint checking account with a parent or guardian, the minimum age is usually 13.

Yes, you can open an account with anyone you choose to. Just be careful though! Who ever is the primary on the account (the person listed first on all of the paperwork) will be held responsible if the other joint holder overdrafts the account, and this primary account holder can also be put onto chexsystems do to the joint owner's actions.

If it's only your checking account, otherwise if it's a joint account there probably isn't anything you can do

She needs to get a checking account in her own name, which means that you both will need to put money into the joint account until it is at least a zero. If you stiff the bank, then it will not be possible for either of you to get a checking account anywhere until you pay the amount owed. As they say, "you don't want to go there."

Well with my bank, the only way to remove someone from a joint account is to close the account altogether. You then have the option of reopening in just your name.

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