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levys on bank accounts

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L

ldade

Guest
I recently had my checking accoutn levied for a judgement from several years ago. I had a substantial amount in my account, due to the fact, that i had received a refund from avehicle that I purchased, which I planned to use to pay off a loan to my credit union. In addition, I had people deposit money in my account,for checks that I wrote on their behalf, as well a checks for my motor vehicle insurance. I wrote these checks before I knew about the levey. Is any of the money possibly exempt? I know that I won't get all of it back, but I can't recoup the money for check already written, that will bounce and incur additional debt, to say nothing about the money others gave me to write a check on their behalf. Please Help.
 


I AM ALWAYS LIABLE

Senior Member
ldade said:
I recently had my checking accoutn levied for a judgement from several years ago. I had a substantial amount in my account, due to the fact, that i had received a refund from avehicle that I purchased, which I planned to use to pay off a loan to my credit union. In addition, I had people deposit money in my account,for checks that I wrote on their behalf, as well a checks for my motor vehicle insurance. I wrote these checks before I knew about the levey. Is any of the money possibly exempt? I know that I won't get all of it back, but I can't recoup the money for check already written, that will bounce and incur additional debt, to say nothing about the money others gave me to write a check on their behalf. Please Help.

My response:

None of that money is exempt, because none of it came from Government funds, like Social Security. You should never commingle someone else's money with your own money. Now you're on the hook to your friends who entrusted you with their money.

IAAL
 

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