In Colorado it is possible for a debt collector to levy a bank account. It is necessary for the approval from a court in order for a debt collector to place a levy on the bank account.
A levy or lien is placed on someone's property or bank account by a creditor. When a levy is placed on an account the amount the levy is for is taken out of the bank account.
An attorney can get a court order to levy your bank account or your wages.
Only if the obligor's name is on the account.
If the creditor wins a lawsuit and receives a judgment the judgment can possibly be used as a bank account levy. This would depend upon state laws relating to how the bank account is established.
No, but a bank account can only be levied by a court order.
The court can grant a levy withdrawal if there is no money in the account. They will take whatever money is in the account when it is put in.
Type your answer here... YES YOU CAN, THE LEVY IS HIT BASED ON THE SSN AND NAME SO IF THE DEBTORS NAME IS ON THE JUDGMENT AND HAS A BUSINESS ACCOUNT YOUR LEVY WILL BE GOOD.
They can levy bank accounts in most cases, they cannot garnish wages.
A collection agency in any state would need to notify you first.