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What else can I help you with?
Can a certificate of deposit be garnished?
In some rare cases these can be garnished, but are not usually. Your income that is coming in from a job is generally what is garnished.
What is the difference between charges and credits in accounting?
In accounting, charges represent money going out of an account, while credits represent money coming into an account. Charges decrease the account balance, while credits increase it.
Can a court garnish both spouses' wages up to 25 percent for a judgment?
yes.but i am sure there will be some calculations on the judges part before coming up with a set amount. depends on the income combined, if you have kids, child support etc. No. A creditor judgment can only be enforced once against one party. The exception would be different creditor judgments against spouses who have joint debts. For instance, the husband's income could be garnished for a debt and the wife's income could be garnished for a joint marital debt by a different creditor. I'm afraid the first two answers are wrong. Judges have little discretion. The amount of a garnishment is determined by the law, not by the judge. The only thing I have seen them change is the percentage of interest. Courts do not care about how many kids a person has. I don't believe child support is exempt, although it would only come into play if the creditor attached your bank account. As for the second answer - It depends on who got sued. If the creditor got a judgment against both of you, then you both can have your personal wages garnished. If you and your brother and your best friend get a judgment against all three of you, then all three of you can be garnished at the same time. Everyone gets garnished until the debt is paid. There is also an "Other Than Personal Wages Garnishment" which is usually the creditor attaching your bank accounts. If you have a joint account then any money in there is potentially available to be attached. It is a gray area and it would be necessary for you to go to court to have the funds returned. But if you comingle your funds, then that money is fair game. My experience is limited to Ohio garnishment law. Hope this helps. Barbe
How are funds wired from one bank to another?
Say your bank is B1, and the bank the money is coming from is B2. B2 has to ask permission from B1 if a wire transfer is acceptable. B2 then has to send the account information to B1. Account info is: account number, and routing number, Clients full name as it appears on the account, verify that the name on the account matches the name they have. Then when all verification has been approved they receive a direct deposit in the form of a wire transfer. The bank must also have the receiving bank's physical address and phone number. It's like sending a western union, without having to worry about the extensive paper work, or the extreme fees. Sometimes banks do charge a wire transfer fee, it just depends on the kind of account you have. Wire transfers are safe and accountable. If something happens it is traceable. There is always a paper trail.
Can you explain the difference between debit and credit in accounting?
In accounting, debit and credit are two sides of the same transaction. Debit represents money coming into an account, while credit represents money going out of an account. Debits increase assets and expenses, while credits increase liabilities, equity, and revenue.
Can a certificate of deposit be garnished?
In some rare cases these can be garnished, but are not usually. Your income that is coming in from a job is generally what is garnished.
How is checking account different than a savings account?
A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.
How is a checking account different than a savings account?
A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.
Your mom is getting ready to lose her car can her SSI or Pension be touched She lives in Calif and owes 17K on the car She has 1400.00 a month coming in lives with your sister and has really no bills?
A persons SSI can not be garnished, except by the Government ie: IRS ect. However, if the money is in a bank account, it can be garnished for unpaid auto loans or personal loans.
What are the amounts of money coming into your account?
it is called credit(when its coming in your account ) and debit(when its going out of your account ).
What are the amounts of money coming into your account called?
it is called credit(when its coming in your account ) and debit(when its going out of your account ).
Deposits go on debit column or credit column?
Debit the account that is receiving the cash and credit the account that the cash is coming from. Because debits always equal credits, every transaction (including a deposit) must have equal debits and credits. For example, if you are depositing $100 received for a sale, debit the checking account and credit the revenues or sales account. If you are depositing $100 that was received from a customer to pay off an accounts receivable, then debit the checking account and credit that customer's account in accounts receivable.
Can you still make a Google Plus account without giving it your phone number?
It will be coming in the future and it will say it an optional thing
What is the statute of limitations on coming back and collecting money owed for a loan that the balance was zeroed out but money never taken out of a checking account electronically?
There is no statute of limitations on federal student loans under any circumstance.
When is Jackson an American dream coming on?
Keep checking your tv guide.
If your wages are being garnished by a creditors attorney for a non secured debt can they take the federal tax rebate President Bush approved coming in May even though money is coming out of my check?
Yes they can, sorry.
How did the Holy Ghost overshadow Mary in the biblical account of the Annunciation?
In the biblical account of the Annunciation, the Holy Ghost overshadowed Mary by coming upon her and causing her to conceive Jesus, the son of God, without the involvement of a human father.
