Stop Bank Account Levy
A bank levy occurs when a creditor obtains a court order to freeze your bank account and take funds directly to satisfy a debt. This can happen without warning, leaving you unable to access your money for essential expenses.
Bank Levy Warning Signs
- Sudden inability to access funds in your account
- Notification from your bank about a legal order
- Bounced checks or declined transactions
- Recent judgment against you
- Previous collection attempts by creditors
How We Can Help Stop Your Bank Levy
At NationalLaw.us, we specialize in helping clients stop bank levies and regain access to their funds. Our experienced attorneys can:
- File emergency motions to release frozen funds
- Challenge the validity of the underlying judgment
- Identify and claim exemptions that protect your money
- Negotiate with creditors to release the levy
- Help you recover funds that were improperly taken
- Develop strategies to prevent future levies
Understanding Bank Levies
How Bank Levies Work
A bank levy is a legal process that allows a creditor to take money directly from your bank account to satisfy a debt. Here's how the process typically works:
- A creditor obtains a judgment against you
- The creditor sends a writ of execution to your bank
- Your bank freezes funds in your account
- After a waiting period (usually 17-21 days), the bank sends the funds to the creditor
- This process can repeat until the debt is paid in full
Exempt Funds
Certain types of funds in your bank account may be exempt from levy, including:
- Social Security benefits
- Supplemental Security Income (SSI)
- Veterans' benefits
- Federal retirement benefits
- Child support payments
- Unemployment benefits
- Workers' compensation benefits
- Certain percentage of wages
Our Bank Levy Relief Process
Emergency Assessment
We'll quickly evaluate your situation, identify potential exemptions, and develop an immediate action plan to address your bank levy.
Legal Intervention
Our attorneys will file the necessary legal documents to challenge the levy, claim exemptions, and work to release your frozen funds.
Long-Term Protection
We'll develop strategies to address the underlying debt and prevent future levies, giving you peace of mind and financial stability.
Act Quickly to Protect Your Money
When your bank account is levied, time is of the essence. The sooner you take action, the better your chances of recovering your funds and preventing further financial hardship.
At NationalLaw.us, we understand the urgency of bank levy situations and are prepared to take immediate action to help you regain access to your money.
Contact Us TodayFrequently Asked Questions
How long does a bank levy last?
A bank levy is typically a one-time event that freezes the funds in your account at that moment. However, if the debt isn't satisfied, the creditor can continue to levy your account repeatedly until the debt is paid in full.
Can I open a new bank account if my current one is levied?
Yes, you can open a new account at a different bank. However, if the creditor discovers your new account, they may be able to levy it as well. It's better to address the underlying debt rather than trying to hide your assets.
Will I be notified before my account is levied?
In most cases, you will not receive advance notice of a bank levy. You'll typically find out when you try to access your account and discover the funds are frozen. This is why it's important to address judgments promptly.
Can joint accounts be levied?
Yes, joint accounts can be levied for the debts of either account holder. In some states, the non-debtor account holder may be able to claim that a portion of the funds belong solely to them.