Bank levy

cave01@optonline.net · #1 Aug 8, 2007, 01:58 PM

Can a levy be place against your bank account if it is joint and the joint account holder is not your spouse. Is it true that adding a child or aanother third party to your account as a trust or co owner will stop the levy because creditors can not seize an account with a third party.

mr.yet · Aug 8, 2007, 05:09 PM

A trust account, yes, adding another party to the account will not stop a levy or garnishment, but the thrid party would have a claim against the account.



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