answersLogoWhite

0


Best Answer

No, but a bank account can only be levied by a court order.

User Avatar

Wiki User

βˆ™ 15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can only the government place a levy on a bank account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

In Colorado who can levy bank account?

In Colorado, creditors who have obtained a judgment against a debtor can levy a bank account. This means that the creditor can legally seize funds from the debtor's bank account to satisfy the debt. However, there are certain exemptions and limitations on what funds can be levied, such as those related to child support payments or public benefits. It is important for debtors to be aware of their rights and seek legal advice if facing a bank account levy.


Can attorney place levy on bank account from default judgment unsecured credit account in the state of Texas in which the debtor lives?

Yes, in Texas, an attorney can place a levy on a bank account as a means to enforce a default judgment on an unsecured credit account. This levy allows the attorney to collect the specified amount owed from the debtor's bank account to satisfy the judgment.


Why would a bank put a court levy on your account?

A court levy is actually put in place by a court, the bank is required by law to comply with the court. The reason the court may have put a levy on your account is usually due to an unpaid debt. I would contact your bank and try to find out the details. In most places, the bank is required to provide notification of a levy, but not until after the levy action has taken place.


If you have a levy on a contractors bank account how do you get the bank to pay you the levy?

If the creditor wins a lawsuit and receives a judgment the judgment can possibly be used as a bank account levy. This would depend upon state laws relating to how the bank account is established.


Can the IRS levy a bank account that is not yours but you are the trustee for that account?

No.


When there is a levy on a bank account does it reject deposits?

no


Can a resident of Pennsylvania have a levy placed on their bank account from a court order in Tennessee?

Yes, the Court in one State can place a lien or even block account access on a bank account in another State.


Can you garnish a bank account when the owner of the company I have the judgment on has his Bank account listed under INC.in the Bank of America bank account?

Type your answer here... YES YOU CAN, THE LEVY IS HIT BASED ON THE SSN AND NAME SO IF THE DEBTORS NAME IS ON THE JUDGMENT AND HAS A BUSINESS ACCOUNT YOUR LEVY WILL BE GOOD.


Can the IRS levy bank accounts in Delaware?

Of course. Why would you possibly even question that the Federal government couldn't do something anywhere in the country? Especially something anyone can do? The IRS can levy a bank account anywhere within the US.


In Pennsylvania can a creditor garnish your wages or levy your bank account?

They can levy bank accounts in most cases, they cannot garnish wages.


Can a creditor levy your bank account after the statute of limitations have expired?

No


What happens if a judgment creditor places a levy on a bank account and the account balance is less than the judgment amount?

You get fined a fee by the bank, your account is frozen, and they will probably come after your paycheck through garnishment (even if the levy is removed) Levy is a step, garnishment follows.