Debt and Bankruptcy

Your account was exhausted with a court levy from a debt collector are they allowed to do so without some notification of it happening?

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2005-09-03 14:59:06
2005-09-03 14:59:06

In most cases yes, although you should have received notice of a judgment being granted and had a specified time to claim exemptions or take other action to protect property. A bank does not need to notify the account holder that a court ordered levy has been executed on the account. As soon as the bank is presented the order, by law they must take the action ordered. Some banks will give the account holder 24 hours notice, but that is a courtesy not a legal requirement. States have specific laws as to how an account can be levied, to joint accounts in particular, you should seek legal advice as soon as possible. In the meantime, DO NOT deposit or allow automatic deposits put into the account. Depending upon the court order and the amount owed the creditor may be able to withdraw almost immediately, any funds deposited.

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