My question involves judgment recovery in the State of: CA.
I'm a judgment debtor. If the creditor finds my bank account by his own investigation, how much notice am I legally entitled to before a levy is executed?
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My question involves judgment recovery in the State of: CA.
I'm a judgment debtor. If the creditor finds my bank account by his own investigation, how much notice am I legally entitled to before a levy is executed?
They do not give you notice of the levy. If they did, you could just remove the money beforehand.
Typically none. People who get warned that they're about to have their accounts seized or garnished tend to take their money out. If there's a judgement already in place, and your account is found, the notice you'll get will say "we've taken x amount out of your account in accordance with court order".
Generally, the bank gets the levy and freezes the account. That's usually the debtor's first notice. Bank levy's often give a debtor some time (maybe 10 or 20 days) to challenge the levy before the money is actually removed.
If you want to protect your money, get it out of banks and close your bank accounts.