Ask Experts Questions for FREE Help !
Ask
    naomiargo's Avatar
    naomiargo Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 15, 2008, 11:58 PM
    Bank account levy
    I have a bank CD and I gave my brother a bank P O A to deposit and widraw for me. My brother has credit card problems. Will my CD be at risk of having a lien or levy?
    Fastfun1's Avatar
    Fastfun1 Posts: 80, Reputation: 11
    Junior Member
    		  
    #2

    Feb 16, 2008, 07:10 AM
    Quote Originally Posted by naomiargo
    I have a bank CD and I gave my brother a bank P O A to deposit and widraw for me. My brother has credit card problems. Will my CD be at risk of having a lein or levy?
    Not too sure. If the bank ONLY has a POA on file for him, he is not an account owner and no recourse can be found in your accounts by the powwers that be. However, if what you really did was add him as a signer; making it a joint account, then you have problems.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Bank Account Levy, joint account [ 1 Answers ]

Today, a levy was placed on the joint account of myself and my wife, for a debt she had from a credit card company. Once I found out, I called her and had her call the lawyer, who then told her to dispute it, she would have to send a certified letter to the court, as well as the plaintiff, as to...

Levy on bank account [ 1 Answers ]

I was looking on the internet of how to collect on a judgement and it said I could get a levy on his bank account and writ of execution.will it be served to the bank by the sheriff or could I go to the bank and show them the judgement papers?they said all I need is his exact name and the name of...

Levy on bank account [ 1 Answers ]

If a creditor trustee has sent me a letter saying that they put in a judgement for a levy on my account, What is next? Do I wait for another letter from a judge or some sort?

Levy of Bank Account [ 1 Answers ]

A Lawfirm has placed a levy on my bank account because of a Credit Card bill owed by my common law wife. Her name is also on my account. How do I get a release from this levy.

View more questions Search