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    pattyxx's Avatar
    pattyxx Posts: 1, Reputation: 1
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    #1

    Mar 4, 2007, 12:16 AM
    Garnishment holding a bank account
    Can they take funds from a savings account that are from a guaranteed student loan in the state of Indiana. The garnishment is for a vehicle I cosigned for 5 years ago with my boy friend
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Mar 4, 2007, 06:08 AM
    Hello patty:

    They don't know where the money came from, and they're not going to bother to find out. If you have direct deposit of your loan proceeds, then I would stop it.

    excon
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Mar 4, 2007, 07:11 AM
    As excon said, they don't know ( and don't really care) where the funds came from, it is just a bank account to them.

    So yes of course they can freeze that account.

    If and when they do, you will have to file a motion to have those funds released and prove where those funds came from, or what percent of them is this or that.
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