Social Security Report

Q & A

Multiple Questions Re: Rules on bank account levies

Question: What form do I need to protect my bank account, which only receives direct deposits from Social Security and disability payments, from a bank levy?

Question: If a collector garnishes my account for $3,000 that I owe, and I only had $550 in the account after the 30-day freeze period and they drained my account to zero, can they regarnish the account for the balance?

Question: With a bank levy, can they touch an account that is not in my name?

Answer: I’ve received three letters from readers with slightly different questions regarding bank levies. So I decided to answer all three in the same column. Here we go for my bank-levy trifecta. Read more.

Source: The Detroit News – September 16, 2013

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