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    cave01@optonline.net's Avatar
    [email protected] Posts: 2, Reputation: 1
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    #1

    Aug 8, 2007, 01:58 PM
    Bank levy
    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's Avatar
    mr.yet Posts: 1,725, Reputation: 176
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    #2

    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 third party would have a claim against the account.
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