If a court has issued a money judgment against you, you may face collection proceedings. As New Jersey banking law attorneys can discuss, the bank levy is one of the most powerful tools your creditor may have against you.
The Bank Levy
When a creditor obtains a bank levy, this gives them the power to freeze your account.
New Jersey banking law attorneys understand how devastating this can be on your finances. Bank levees may also be ordered on your jointly held accounts. The creditor may then be able to seize a portion of your funds on deposit in order to satisfy the judgment against you. There are a variety of things you may do to respond.
If your account has been frozen with a bank levy, it’s critical you speak to a qualified New Jersey banking law lawyer about your options to address it. To make an appointment with the offices of Snellings Law LLC, call 973-402-4892.
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