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What is it called when creditor can take your money out of your bank?
Wiki User
∙ 16y ago
Generally:
Attachment for bank accounts and intangible assets.
Seize property and tangible assets.
Garnishment applies to wages. Judgment levy of a bank account.
Wiki User
∙ 16y ago
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Does a creditor have to have a court order for garnish a bank account?
In most cases, yes, a creditor needs a court order to garnish a bank account. The court order allows them to collect part of the debtor's wages or funds in a bank account to satisfy a debt. However, specific laws and regulations can vary by jurisdiction, so it's best to consult with a legal professional for advice tailored to your situation.
Can a creditor take money from a bank account if money is social security and VA check?
Not without a judge or magistrate ruling in their favour.
What is HSBC Direct and where can you learn more about it?
HSBC Direct is an online banking platform that offers savings accounts, CDs, and other financial products with competitive interest rates. You can learn more about HSBC Direct by visiting their website or contacting their customer service for further information.
IF SOC.SEC. AND V.A. PAYMENTS CAN NOT BE LEVYED.BUT IF YOU HAVE DIRECT DEPOSIT CAN A CREDITOR TAKE IT ONCE IT IS IN THE BANK?
Yes, if the creditor puts a lien on your bank account or freezes your funds this money can be effected because it is considered an asset once it is in your account.
Can a finance company take money out of my account without my permission?
Not unless the creditor has a judgment order and executes it as a bank levy.
What is withdrawing money?
Withdrawing money is to take the money out. Say, you are at a bank. You may want to take out money from your bank savings to spend. That is called a withdraw.
What is it called to take money out of the bank?
In most banks, this is called a withdraw.
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 take your bank account as real property?
yer
Can a car creditor who repossessed a car take money out of your bank without permission?
No one can take money out of your account without a court order. The exception being payments to the bank itself for administration purposes or penalties. These, however, would be set out in the initial contract.
What is it called when you take money out of the bank?
legally it is called a "withdrawal" Illegally it is called "robbery"
Can they take money out of your account you live in Washington?
Please write a new question with more details. Who are "They?" The government? Your parents? Your creditor? The bank? We need to more details.
