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Judgments and taking money from checking accounts

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Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: taking money from bank accounts
 
Posted on Tue May 25, 2010 12:01 pm  

Hi Lina,

Can you tell whether or not you and your daughter have any joint accounts?

Thanks,

Aaron
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Robert E Rome
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Subject: SS checking account
 
Posted on Mon Jun 14, 2010 2:35 pm  

Does Social Security have a checking account sistem just like the banks with debet cards safe from dept collectors colectors
Aaron

Aaron

Joined: 08 Feb 2010
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48565 Magic Points

Subject: social security
 
Posted on Tue Jun 15, 2010 11:53 am  

Hi Robert E Rome,

Social Security itself cannot be garnished. According to the Federal Law Social Security benefits cannot be garnished for credit card debts. However, it may get garnished for child support, and alimony.

You will have to declare this to the bank that all your money comes from Social Security, and also to the credit card company.

Thanks,

Aaron
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RB
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Subject: checking account garnishments
 
Posted on Wed Jun 16, 2010 1:36 pm  

I owe chase credit card on 2 seperate cards.
They did file a judgement on 1 and I believe the
other one is in the hands of an attorney.
I am self emplyeed and do not get a pay check.
My business has been suffering over the last
1 to 2 years which is why i stopped paying by
debt. My question is, In the state of Fl can they
garnish or freeze my checking account which has
both my name and my husbands name on it.
Thanks for any help
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: checking account garnishments
 
Posted on Fri Jun 18, 2010 12:02 pm  

Hi RB,

If you aren't self employed, still the creditors can freeze your checking account in Florida. However, as far as I know, in Florida you can exempt up-to $1000 of your property. That means you can exempt your checking account too. Still, you can check the garnishment, and exemption laws in your state. The laws can be different for joint checking accounts.

Thanks,

Aaron
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Nicky
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Subject: Garnishment and Levy and more!
 
Posted on Wed Jun 23, 2010 11:08 am  

My atty just told me that you cannot 'create' a business just to avoid other debt collection...but, if you have a legitimate business and it falls that way its ok.

Be really careful about paying an old bill off especially if its alot of money and you are hard pressed for money. Make sure to check the statute of limitations for your state- Ie: say you havent been able to pay a bill for 2 years and the statute of limitations for your state is 4 years. If you ride it out the debt may close in the 2 years. BUT, if you make a payment, the creditors will look at that as day one of the debt and it will be 4 years starting all over again.
Sheila M.
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Subject: Judgements
 
Posted on Wed Jul 28, 2010 3:25 am  

If I add a person to my bank account and they have a judgement can they take my money? I liveb in Maryland.
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: reply
 
Posted on Wed Jul 28, 2010 8:53 am  

Hi Sheila,

Yes, if you add a person's name to your bank account who has a judgment against him, that account can get garnished too.

Thanks,

Aaron
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crusial
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Subject: social security monies levied in bank acct by credit card d
 
Posted on Wed Aug 11, 2010 8:39 pm  

My social security funds in my bank account was frozen. I asked my bank to put my money back into my account as it is being held at this point. The bank says it can't do that though I was told that my social security money can't be frozen. I have no back taxes or child alimony as our children are grown. What do I do to get my money returned to my account? This account is used for my social security deposits and it is labeled as plain as day. I don't understand why the bank allowed this account to be frozen.

Help!
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: Social security
 
Posted on Thu Aug 12, 2010 12:04 pm  

Hi crusial,

I think you should get help from the State Attorney General. The bank is not allowed to do this.

Thanks,

Aaron
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Ellie
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Subject: Judgements
 
Posted on Thu Aug 12, 2010 2:40 pm  

I have a judement on my savings account. I have set up a payment arrangement with Law Firm. It has been over 6 months and Now the Law Firm is either out of buisness or they changed.
I can get any info and the Judgement is still on my account.
What can be done. I can not get ahold of anyone.
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: judgments
 
Posted on Fri Aug 13, 2010 9:58 am  

Hi Ellie,

If this lawfirm was representing your original creditor or a collection agency you will have to contact them directly.

Thanks,

Aaron
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Cryrael
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Subject: garnishments
 
Posted on Wed Aug 18, 2010 10:17 pm  

To answer the question of them taking out your money, I don't know how it's legal, however, my mother was in a credit counseling and they told her they would speak to the people she owed and distribute her money for her to pay her debts. They failed to pay a few of those creditors for her and sadly, they took every penny she had in her checking and savings, and also my father's accounts as well. Since a court approved this, I guess it is ok for them. My question is, how do they expect people to live (especially retired, with only retirement checks coming in) when they take every bit of their money? What is wrong with the system? Do they want everyone living on the streets?
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: garnishments
 
Posted on Thu Aug 19, 2010 10:02 am  

Hi Cryrael,

Retirement checks are not garnishable. Did not your mother and father show proof in court that their income was from retirement? Can I know the type of the debt their retirement checks were garnished for?

Thanks,

Aaron
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Ellie
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Subject: Garnishment and money to be refunded
 
Posted on Wed Oct 20, 2010 6:52 pm  

My daughter had 3 paychecks garnished and then her checking account. She was in the process of filing bankruptcy and the school was included in the bankruptcy. She had her hearing and received her final notice from bankruptcy court. Her attorney and his staff are dragging their feet on getting the money back from the opposing attorney for the amount they received. What is illegal? How long should this take to receive her money back. Is this something my daughter should be handling in lieu of her attorney who seems to be doing nothing?

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