Can my bank account be seized if a creditor has been awarded a judgement against me?

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Can my bank account be seized if a creditor has been awarded a judgement against me?

I got a letter in the mail saying my assets will be levied if I don’t call this collection office and they have been awarded judgment on a credit card I defaulted on over 5 years ago. I don’t know what to do and I’m scared my only account will be seized. This is where my wages go into and how I survive from check to check.

Asked on February 20, 2012 under Bankruptcy Law, South Carolina

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Under the laws of all states in this country, if there is a judgment against a particular person for a dollar amount, the judgment creditor is entitled to levy upon the judgment debtor's assets such as the bank account that you have written about to satisfy the judgment.

I recommend that you first consult with an attorney who practices consumer debt law to guide you through the process. Assuming you have a judgment against you, you might be able to enter into a written pay down agreement where you can make monthly payments and not have to worry about your bank account being levied upon or wages garnished.

 


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