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Home > Money & Services > Banking   »   Non IRS Bank Levy

 
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Old Jul 24, 2007, 10:24 PM
elvisfinger
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Non IRS Bank Levy

In April 2007 a Colorado attorney levied my California bank of America account. The levy was for a repo while I was living in Co resulting in a judgement. 5 years later the attorney levied my account for the original judgement plus about 7 grand in interest. The levy removed about 8 thousand from my account. The attorney has agreed to settle for 8k already taken. They have agreed to remove the levy once they receive the funds levied. My problem is that between the attorney, 3rd party service that executed the levy and bank of America someone has entered into the banks computer system that the funds be held until April 2009. Any funds that I deposit into the account go straight to the levy amount until I satisfy the 14k levy amount. Is there a time limit on how long the bank can hold the funds? Seems unreasonable that I am expected to go 2 yrs without having a bank account.

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