Bank Account Levy After a Debt Judgment: What It Is, Why Your Account Froze, and What to Do Now
A bank levy is a court-ordered seizure of your bank account funds to satisfy a debt judgment, and unlike wage garnishment, it has no 25 percent limit; it can drain your entire account in one action. Collectors do not have to warn you before freezing your account. The first sign is often a declined debit … Read more