I have a friend who woke up this morning and found her checking account had been completely drained. Previously she had a balance of $1,300.00 and today she had a balance of $1.00!!!! The bank told her they recieved a "notice of levy" and had to take her money!!! I didn't get the details yet (she was too upset to talk). Is this normal?? Can this really happen? I just opened a checking account again, and now i'm worried. Antone ever heard of these bank levy's?Reason for Editing (Minimum 15 Characters)
Asked on 5:22 pm Feb 6th 2008
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9/11 caused some misfortune in my life and I fell behind tremendously on credit card debt. I was unemployed for two years and things spiraled out of control.
Unfortunately, the creditors went after me with a vengence and have levied my joint account with my husband twice . They've also done it once with my son's account where I had to be put on because he was a minor. He was livid and I can't see how they are allowed to do that to either of these accounts.
Is it legal for them to levy these account when neither my husband or son owe them the money?
I need to resolve this quickly! It's a nightmare!!!!!!!!!!Reason for Editing (Minimum 15 Characters)
Answered on 7:37 pm Aug 6th 2008
Anonymous
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If your name is on the account, it's legally considered your money. So yes, they can put a levy on the account.[url=http://cashcrate.com/423537"> How I make some extra cash
I earn at least $20 extra every month doing offers. And you don't have to pay a cent. Reason for Editing (Minimum 15 Characters)
Answered on 7:31 am Aug 7th 2008
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I owe a debt of 5500 roughly and did not see this bank levy coming. I did not know that a jewelary store account would do this and wipe me out of my checking. That was my rent, car payment, food money for my family. They took 1600 and I was wondering how many times do they go in and get the money, in till its paid? It was my bill and My husband and I share a bank account and it was his money they took, and I dont know what to do know or know much about this bank levyReason for Editing (Minimum 15 Characters)
Answered on 7:27 pm Sep 9th 2008
Anonymous
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Can they come in and take more moneyReason for Editing (Minimum 15 Characters)
Answered on 7:29 pm Sep 9th 2008
Anonymous
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Please could someone let me know, my fiance has been dealing with debt management company to pay off his debts, now the credit card company put levy on his checking account and we have no money to pay our rent this month. he has been paying the debt releif consistanly. please help with this questin, bank gave no help to questions,Reason for Editing (Minimum 15 Characters)
Answered on 10:52 am Oct 31st 2008
Anonymous
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NO ONE can take/transfer/sieze/give away/etc your property without your permission. The fiduciary duty of the bank, investment house etc prevents that. If a bank takes your money and gives it to the government or anyone else without your permission OR without a court order. They are libel for damages and replacement of your money. This is a law in every state. If they levy you ask 1st to see the court judgement, if they don't have one demand to have your account reimbursed. If they refuse go to your local court and file a request for discovery. Get everything in writing and use usps certified mail. Don't take the gestapo BS!Reason for Editing (Minimum 15 Characters)
Answered on 3:33 pm Nov 12th 2008
Anonymous
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my understanding is that levies come from superior court (in NJ anyway)
as always, correct me if i am wrong :)My new blog.. on trying to get out of debt, making extra money online, just little things I have picked up along the way... http://what-shoulda-been.blogspot.com Updated regularly :) Reason for Editing (Minimum 15 Characters)
Answered on 10:15 am Nov 19th 2008
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How are the bank account found by the party issuing the levy?Reason for Editing (Minimum 15 Characters)
Answered on 6:58 pm Nov 30th 2008
Anonymous
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new york attorney collectors cite judgement of 9056. from a credit card from 2004. The bank was rarely used by me and there was14.00 in the account. When I went on-line the bank has the attachment as 18,000. I called the attorney and he said if I do not pay he will send a sheriff to collect items from my home to pay the debt. Is this possible.Reason for Editing (Minimum 15 Characters)
Answered on 6:59 pm Dec 5th 2008
Anonymous
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Are you sure it was an attorney and not a debt collection agency? Debt collection agencies are nutritious for saying that.
I would call the Sheriff's office just to make sure.Reason for Editing (Minimum 15 Characters)
Answered on 5:44 am Dec 6th 2008
Anonymous
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