ExpertLaw.com Forums

Levy on Bank Account Over Credit Card Judgment

Printable View

  • 10-15-2012, 06:10 PM
    bad year
    Levy on Bank Account Over Credit Card Judgment
    My question involves collection proceedings in the State of: IL

    Hello,

    I have a judgment from a credit card and received papers from the court house after they won, it was a Wage Deduction Notice. It has a court date on it for next month and if I would like a hearing I would need to contact the court. I know it's my debt and was planning on going to court on that date to see what I will have to pay, unless I file for BK ahead of time

    Today I looked at my bank account and it was on hold and the bank said I have a court ordered levy on my accounts. And on top of that they put a hold on double the amount of the levy.

    The questions I have..

    1. Is there anything I can do to remove the levy from my account? I was planning on setting up a payment when I had court next month so this caught me by surprise.

    2. I called the lawyer hired by the creditor and they were no help, they said they will hold the levy until the court date next month. Wondering if that is true or not?

    3. Has anyone had any success when they have a levy on their account being able to have it removed and make payment on the judgment?

    I thank you in advance for any help..
  • 10-15-2012, 06:52 PM
    jk
    Re: Levy on Bank Account Over Credit Card Judgment
    Quote:

    1. Is there anything I can do to remove the levy from my account?
    pay the debt in full

    Quote:

    I was planning on setting up a payment when I had court next month so this caught me by surprise.
    and if they won't accept a payment plan?


    Quote:

    2. I called the lawyer hired by the creditor and they were no help, they said they will hold the levy until the court date next month. Wondering if that is true or not?
    Sure they will. They had the money held so it cannot be removed until the trial. Then, if they win, they will seek to take whatever they are owed from your account.

    Quote:

    3. Has anyone had any success when they have a levy on their account being able to have it removed and make payment on the judgment?
    I haven't. Don't know anybody that has.
  • 10-15-2012, 08:40 PM
    Disagreeable
    Re: Levy on Bank Account Over Credit Card Judgment
    Why should they take payments when they already have their money on hold? Pay them in full, then request they release the hold.
All times are GMT -7. The time now is 12:39 AM.
Powered by vBulletin® Version 4.2.4
Copyright © 2023 vBulletin Solutions, Inc. All rights reserved.
Copyright © 2004 - 2018 ExpertLaw.com, All Rights Reserved