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Bookmark or Share- How To Handle a Court-Ordered Levy on Your Bank AccountA bank levy happens as the result of a court order. Here's how a creditor is allowed to take money from your bank account to satisfy a debt.
- Information about bank levies - Internal Revenue ServiceWhen the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.
- How To Fight A Bank Levy: Is It Worth It? - BankrateWhat is a bank levy? A bank levy is a legal action taken against you by a creditor or debt collection agency. A levy allows the creditor to take funds directly from a bank...
- What Is a Bank Account Levy? - NoloA bank account levy occurs when a creditor (a person or business owed a debt) instructs a bank to withdraw money from an account without the account holder's permission. The creditor will apply the funds toward the outstanding debt of the account holder or "debtor."
- What Is a Bank Levy & What To Do if My Bank Account Is Frozen?A bank levy is a serious debt collection measure sometimes used by creditors and debt collectors to take funds directly from your bank account. This money is used to repay an unpaid debt. Most creditors need a court order before they can touch your bank account funds.
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