Bank Levies

[Rintaro]

What methods Can A creditor with a judegemtn, legally use to locate your bank account, can they simply with in the law hire someone to locate your bank information ( Account #, Branch ect..? )

How can I prevent my Bank from being levied or protect them finding my Bank Account?

Are Online banks Secure and safe from Creditors levy?

[keepmine]

What methods Can A creditor with a judegemtn, legally use to locate your bank account, can they simply with in the law hire someone to locate your bank information ( Account #, Branch ect..? )

How can I prevent my Bank from being levied or protect them finding my Bank Account?

Are Online banks Secure and safe from Creditors levy?

There are many collection agencies that specialize in asset location. It can be as easy as looking at your credit report and seeing an inquiry from a bank or, using the banking info you furnished the creditor when you opened your account. Sometimes, a judgment creditor will send a blanket suponea to request info to all banks in your area. They may also schedule a debtors exam and place you under oath and ask you for your banking info.
Your best bet is go to a cash existence until you get this mess sorted out.

[Rintaro]

So If the request a debtors exam I have to rpovide all financial info?

What If I operate on Cash? They can't figure out my employer yet as I am a contract for A subsideray of the Company i work at.

I just received a Memorandum of Costs 12/28/07
Does this always mean that a Writ of EXecution will follow or is it a year end thing they sometimes do?

Would me filing a Request to Vacate Judgement help me in anyway?

[HHM]

Instead of figuring out how to "avoid" collection...why not be proactive...file BK, or at least start the ball rolling. It is better to work toward a permanent solution to your debt issues instead of simply running around waiting for the other shoe to drop...which it will eventually.

[treehugger1]

Unless you can survive up to 25% garnishment of your disposable earnings and you have no other assets, you might want to seriously consider BK.

There are some posts on other boards about being "judgment proof," but in my opinion the burden of proof is on you. You need to understand the exemptions in your state and file such exemptions when you are served notice of levy/attachment/garnishment. Even then, I read stories where collection companies/creditors ignored the exemption filings. Always keep in mind that if you are attempting to protect accounts, the burden of proof that your accounts are exempt most likely is up to you.

What's the saying, "Better to act now and ask forgiveness later?" This applies to creditors and CA's as well.

JMHO