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Are bank account balances exempt from attachment by creditors in Illinois?

Anonymous

∙ 14y ago

Updated: 9/20/2023

Only if the account holds exempted funds such as Social Security benefits or similar monies (military, government pension, disability benefits, etc.).

Wiki User

∙ 14y ago

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Continue Learning about Accounting

Can creditors account have debit balance?

creditors have debit balances as advances receive from creditors..........

What type of account is the sundry creditors?

sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver

Format for Debtors control account and creditors control account?

debtors

What is account statement?

An account statement is a record of transactions and their effect on bank account balances.

What is an account statement?

An account statement is a record of transactions and their effect on bank account balances.

Related Questions

Can creditors account have debit balance?

creditors have debit balances as advances receive from creditors..........

What type of account is the sundry creditors?

sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver

Format for Debtors control account and creditors control account?

debtors

What is the difference between free credit report and credit score?

A free credit report is a list of your debt history. It shows all of your personal information, creditors, account balances, and paid-off balances. A credit score is basically just a rating given to you by credit card companies to show your standing with them.

Can creditors garnish my savings account?

Yes

Can creditors take a lien on your bank account?

NO!

How do you find the amount that i owe each account on an account payable?

Contact your creditors.

What is an account statement?

An account statement is a record of transactions and their effect on bank account balances.

What is account statement?

An account statement is a record of transactions and their effect on bank account balances.

What are savings account balances classified as?

cash

Which account represents a debit balance on a ledger account?

assets have debit balances.

Can a creditor put an attachment on a joint account in NY?

A creditor can put an attachment on a joint savings or checking account in NY. When an account is held jointly with another individual, the creditor does not know who contributes more to the account and secures the account as an asset.

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