Bank Levy
Date: Wed, 08/03/2011 - 16:04
Can someone answer a few questions on bank levies...
I someone gets a judgement against them,
can the court levy across state lines? Ex: Live in PA, open an account at a local NJ bank. I saw somewhere that they cannot, as long as there are no branches in your state.
Can brokerage accounts be levied ie. mutual funds?
Is there a minimum amount they cannot touch?
Thanks
I someone gets a judgement against them,
can the court levy across state lines? Ex: Live in PA, open an account at a local NJ bank. I saw somewhere that they cannot, as long as there are no branches in your state.
Can brokerage accounts be levied ie. mutual funds?
Is there a minimum amount they cannot touch?
Thanks
They could domesticate the judgment to that state and proceed.
They could domesticate the judgment to that state and proceed.
On the other hand, they could compell you disclose your bank accounts and assets in a hearing...
