01/21/2008
There appears to be confusion within the bank on the garnishment of joint accounts when a garnishment is received in only one owner's name. This particular account is owned jointly by husband and wife, yet the garnishment was received on the husband only. Can the account be garnished?
09/24/2007
Can a levy attach on a personal account that has only social security for deposits? Does it change for a person if they are incarcerated in a state prison and only have social security deposits going into their account?
01/22/2007
Can CDs be garnished?
01/02/2007
Does a notice of Levy extend to current loans of the defendant or does this just include transaction accounts?
09/25/2006
Can an IRA account have either a Tax Levy or Garnishment served against the account to satisfy such document?
04/10/2006
I received a Writ of Garnishment where the judgment debtor was listed as our customer t/a separate name. We only have assets for the trading as name, but both have the same EIN. Can we hold the funds for the trading as name, or do the assets have to include both names?
04/10/2006
If a parent wants to open an account for a minor, is there a way to title it so that a garnishment on the parent does not take the child’s money?
02/06/2006
Does Reg DD apply to fees for garnishments and levies?
11/07/2005
I have questions on FBO accounts (Mr.X FBO Ms.Y). How valid are they and should they even be opened? Can you explain their legal structure, FDIC insurance applicability for Mr.X or Ms.Y, and how to address levies/garnishments against Mr.X or Ms.Y?
04/04/2005
Recently, CPAs and attorneys have been recommending that customers open accounts entitled "Wage Account" or "Wage and Compensation Account." I can only find this covered under Federal regs (not state). According to the customer, this will protect the funds on deposit from any subpoena, garnishment or levy, due to the fact that they are wages. Is this correct?
