Question: A creditor levied my bank account; I was told that the levy doesn't have an "expiration date"... in other words, it lasts forever. Does the credit company have to submit another judgment against a new bank account (2 years later, another bank) or does the initial levy cover all transactions, accounts, income (I've not been working) if I started getting a paycheck, etc? In addition, it's apparent that the only way to get rid of the levy is to pay the creditor so they will lift it but they've never accepted anything lower than 1/2 the amount owed even while I'm collecting SSI and have no income. I have been told I am judgment proof and haven't been able to get free legal help. I cannot contact the creditor myself because they make me ill. Is it ever possible to get someone to negotiate an even lower acceptable payment? Other debts have been wiped off my credit report after 7-10 years. Is there a life expectancy to this debt? Does it ever become worthless to the collection agency to keep my file open?
