Please help!!!!! Urgent question about bank levy and lawsuits

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binks1169
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Sub: #17
Replied on 08-08-2010, 09:42 AM
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I am on a joint account with my fiance,and the took all his money and mine.Is there a way i can get mine back? He oit levied for child support and the money of mine in the account was child support paid to me.So the took my child support money to pay his child support.

Jessika Wilson
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Sub: #18
Replied on 10-19-2010, 12:23 PM
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So what is the money they took is exempt? i even have the codes and sections for the money they took.

from NJ
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Sub: #19
Replied on 12-03-2010, 11:57 AM
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Do not try the debt settlements companies - it does not work! (personal experience)

As for the bank levy. I just got the same surprise today. I'm in the process of gathering everything needed to file bankruptcy and was hoping I'd be done before anything like that happens but apparently I took too long.

In any case, I asked my lawyer if there is anything that can be done - this is his exact answer:
"Yes, you have an exception of upto $1000. Write a letter to the judge on the matter and appear at hearing. Otherwise if we file beforehand before levy takes effectiveness, we'll get it released."

So that is what I'm working on now - I need to write a letter to the judge explaining how I can't afford to lose my thousand bucks and send it asap before the money is released to the creditor.

And yes, my creditor has a judgment against me and no, they gave absolutely no warning that they wanted to levy my account. It does make sense though - if they told me, I would've emptied it and closed it right away.

So if you're in this situation - act fast, write a letter to the judge of the court that is overseeing it (if you don't know, call the bank - I called, they gave me a number to the court that authorized the levy). You might want to check up what the levy exception is in your state. In NJ it's $1000.

And to all of you reading that got a judgment against you - close your bank account and switch to non-electronic billing so that they can't get you like this... I wish I had.

Good luck everyone.

vhawkins40
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Sub: #20 Bank Levies
Replied on 04-26-2011, 07:22 AM
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Once a levy has been placed on a bank account, what happens if we deposit additional monies to take care of the bank fees that have been accumulated?

Sub: #21
Replied on 04-26-2011, 08:29 AM
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The levy will remain on the account until it is paid or overturned. If the levy overdrew the account, you will need to restore it to a positive balance in order for the levy to be paid.

Dbaker
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Sub: #22
Replied on 05-13-2011, 12:29 PM
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I got my bank account levied a few years ago due to an outstanding credit card debt I owed. In turn the bank account was closed after the levy, or so I though. Fast forward to today I get a new debit card in the bank w/ a balance. The balance is the same amount that was levied a few years ago. Is it normal for a creditor/lawyer to give the money back even if I did not fight the levy?




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