ExpertLaw.com Forums

How Much Notice Will I Receive Before a Bank Account Levy

Printable View

  • 08-05-2013, 06:29 AM
    fatkat
    How Much Notice Will I Receive Before a Bank Account Levy
    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?
  • 08-05-2013, 06:55 AM
    Disagreeable
    Re: How Much Notice Will I Receive Before a Bank Account Levy
    They do not give you notice of the levy. If they did, you could just remove the money beforehand.
  • 08-05-2013, 08:16 AM
    aardvarc
    Re: How Much Notice Will I Receive Before a Bank Account Levy
    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".
  • 08-05-2013, 08:31 AM
    Antigone
    Re: How Much Notice Will I Receive Before a Bank Account Levy
    Quote:

    Quoting fatkat
    View Post
    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?

    What makes you think you'd receive any notice at all? Consider the fact that you have a judgment against you notice.
  • 08-05-2013, 09:55 AM
    adjusterjack
    Re: How Much Notice Will I Receive Before a Bank Account Levy
    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.
  • 08-05-2013, 09:59 AM
    Antigone
    Re: How Much Notice Will I Receive Before a Bank Account Levy
    Quote:

    Quoting adjusterjack
    View Post
    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.

    Not in California. The money is removed from the client's account right away. It is held in the bank's suspense account. It is removed so the debtor can't access it.

    I would suggest stuffing your Duxiana.
All times are GMT -7. The time now is 02:00 PM.
Powered by vBulletin® Version 4.2.4
Copyright © 2023 vBulletin Solutions, Inc. All rights reserved.
Copyright © 2004 - 2018 ExpertLaw.com, All Rights Reserved