Bank Levy

hliu21 · #1 Sep 19, 2007, 09:29 PM

I just had my bank account levied. It was due to a credit card account. My question is, they took out money to satisfy the judgement, does this mean that whenever in the future if I was to deposit more money in the account, it will be withdrawn again ?

Michael

slowandeasy · Sep 20, 2007, 03:21 AM

if the the money they took paid the judgement then no, BUT if you still owe they will get what you put in that account. go to the bank and look at the banks copy of the amount on the paper work and then you will know

hliu21 · Sep 20, 2007, 07:10 AM

Quote:

Originally Posted by hliu21

I just had my bank account levied. It was due to a credit card account. My question is, they took out money to satisfy the judgement, does this mean that whenever in the future if I was to deposit more money in the account, it will be withdrawn again ?

Michael

The levy amount will not pay for the judgement amount. How long will the levy last ? Is there a statue of limitation for levy ? Also, is it possible for me to close my account ? thanks

hliu21 · Sep 20, 2007, 11:02 AM

So what happens if I was to close my account ?

thanks



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!