Can an Online Bank Account Be Garnished?
Most people bank at local branches of traditional banks, such as Sun Trust, Bank of America, etc. A judgment creditor can garnish funds in any of the debtor’s bank accounts by serving a writ of…
Judgment collection refers to the process where a creditor seeks to enforce a court-ordered judgment for debt repayment by legally obtaining assets or funds from a debtor. After a court rules in favor of the creditor, the judgment must be executed, as the court does not automatically collect the debt. This process may involve various methods such as garnishing the debtor’s wages, seizing bank accounts, placing liens on property, or auctioning off assets.
Most people bank at local branches of traditional banks, such as Sun Trust, Bank of America, etc. A judgment creditor can garnish funds in any of the debtor’s bank accounts by serving a writ of…
Your judgment creditor cannot levy upon a car which you lease because you do not have title to the car. True, most of the time.
Debtors fear court imposed asset freezes prior to judgment. If a creditor can convince a court to freeze a debtor’s assets after the creditor files a lawsuit but before the cases is decided and judgment…
The answer is yes. Workers’ compensation is fully exempt from judgment creditors under Florida Statute section 440.22. This is a different exemption that Florida Statute 222.11, which protects wages and other compensation earned by a…
No, restricted stock is not protected from creditors. A creditor can access the stock, but only to the extent that the debtor themselves can as well. There are very few cases in Florida dealing with…
When a creditor improperly garnishes a protected bank account, the debtor must get a court order dissolving the garnishment. First, review the garnishment notice to understand the reason and legal basis for the garnishment. Determine…