Can a collection company levy my bank account?

Answer A collection company can levy your bank account only after obtaining a judgment against you. A court will not authorize a levy unless the collection company has already obtained a judgment. If a co... Read More »

Top Q&A For: Can a collection company levy my bank account

What is a levy on a bank account?

Only you can access your bank account--in most circumstances. A bank account levy allows third parties to whom you owe a debt to receive access to your bank account to withdraw funds in order to sa... Read More »

What is a bank levy?

Ignoring a debt can have serious consequences. In addition to wage garnishments and property liens, creditors can also place a levy on consumer bank accounts in order to collect an unpaid debt.Fact... Read More »

How to Transfer Money Online From Bank Account to Bank Account?

The ability to quickly move money from one bank to another is important in today's fast-paced world. Whether you need to cover a check or just find a better interest rate, moving dollars from one b... Read More »

How to Stop an IRS Bank Levy?

The IRS attaches a levy to a taxpayer's property if he fails to pay delinquent taxes. The levy actually seizes the property to satisfy the debt. An IRS bank levy means that the taxpayer's bank must... Read More »