answersLogoWhite

0

Whether your money can be garnished depends on the type of business you have. If you have a corporation, your personal liabilities are separate from your business liabilities, which means your corporation's bank account will not be garnished.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is the meaning of garnished account?

A garnished account is an account that has been levied. Many accounts are garnished as a result of past due taxes or child support.


Can a business checking account be garnished for a personal debt?

If it can be proven that the debtor has placed private funds in the account to avoid seizure by a judgment creditor.


Can a minor's bank acct be garnished?

No, a minors bank account can not be garnished, if they are the only person on the account. If this is a joint account and the non-minor is subject to a judgment then it can be levied or garnished.


Can your car or bank account be taken after foreclosure?

They cannot be taken without due process in the US. They can certainly be garnished or a lien put against them if the court has ordered it. It should be fully explained to you prior to it happening.


Can your checking account be garnished without wages coming in?

if you account is being garnished you would have an order from the court in your area.. Unless it Federal


Can bank account five dollars or less be garnished?

Can bank account five dollars or less be garnished?Read more: Can_bank_account_five_dollars_or_less_be_garnished


Can my bank account be garnished?

Yea. But I think if you have another persions name on it a co owner, they can't bother it. Yes, your bank account can be garnished if you owe child support.


If a person has a judgment against them personally can their business account be garnished or just their personal account?

If a person has a judgment against them, both their personal and business accounts can potentially be garnished, depending on the legal structure of the business and local laws. If the business is a sole proprietorship, the personal and business assets are often considered the same, making both accounts vulnerable. However, if the business is a separate legal entity, like an LLC or corporation, only the individual's personal assets would typically be at risk, leaving the business assets protected. It's advisable to consult with a legal professional to understand the specifics in any given situation.


Can a mortgage company freeze a bank account after foreclosure?

No


Can your home be garnished if jointly owned by your wife?

A home cannot be garnished. Your wages or bank account could be garnished. Your home would be liened. Whether or not a lien can be placed depends on who is seeking funds from you and why.


Can a bank account be garnished for auto default?

Depends on the laws in your state.


Can your bank account for salary be garnished for hospital bills?

If they get a judgement, yes