It has the bank name that I use but in a city different than my local bank. And it also has my maiden name on it. Does this mean the creditor will take all my money? Or only other money that is deposited and not from my job? Does this mean my bank account is frozen or can I use the money that is from my job to pay my bills?
I need to file bankruptcy, but want to know how much time I have... Do I need to file immediately or can I wait a couple weeks (when I get all the paperwork together)?? I read somewhere that I have 14 days to file an Objection stating I've filed bankruptcy so that the creditor doesn't garnish the property or cash or wages.
Anyone, please advise.
2007-03-23 13:10:29 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
You probably had a judgement against you for some outstanding debt. Since they used your Maiden name it was probably under that name. The Address given is your Banks Main Address or the address that is the contact for these type of issues. Neither of these are issues that could help you get out of the Garnishment.
When they say Other than Wages that means that they do not garnish your paycheck directly, but if your paycheck gets depsosited into that Bank Account it can be taken to pay the debt. I believe that they can take any money in the account and freeze the account for your usage until the debt is settled.
The notice you got should have all of the requirements and timelines on that document. That is really what you should go off of, if it is not there or you are still not sure you need to talk to a Bankruptcy lawyer as soon as possible. The good news is that it takes these banks a couple of weeks to actually put the freeze on the account once they receive the notice, however I would not rely on that to decide if you have time to file.
2007-03-23 14:02:29 · answer #1 · answered by OC1999 7 · 1⤊ 0⤋
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RE I received a Writ of Garnishment of Property Other than Wages, what does that mean?
It has the bank name that I use but in a city different than my local bank. And it also has my maiden name on it. Does this mean the creditor will take all my money? Or only other money that is deposited and not from my job? Does this mean my bank account is frozen or can I use the money that is from my job to pay my bills?
I need to file bankruptcy, but want to know how much time I have... Do I need to file immediately or can I wait a couple weeks (when I get all the paperwork together)?? I read somewhere that I have 14 days to file an Objection stating I've filed bankruptcy so that the creditor doesn't garnish the property or cash or wages.
Anyone, please advise.
2014-10-10 05:56:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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RE:
I received a Writ of Garnishment of Property Other than Wages, what does that mean?
It has the bank name that I use but in a city different than my local bank. And it also has my maiden name on it. Does this mean the creditor will take all my money? Or only other money that is deposited and not from my job? Does this mean my bank account is frozen or can I use the money that is...
2015-08-19 13:07:02 · answer #3 · answered by Keven 1 · 0⤊ 0⤋
Does it list a dollar amount for the amount of the judgment? I THINK they can take whatever is there that is of value - sell it - pay the judgment - then if anything left over after fees and costs - you'd get it - or if any deficiency - then you'd have to come up with it. If it were me, I would find some way of coming up with the money to pay, then call whatever contact numbers you know to call. I would do it first thing in the morning. They can take vehicles, etc. too.
2016-03-18 10:22:07 · answer #4 · answered by Kate 4 · 0⤊ 0⤋
It sound like your bank account is being garnished. Once the money is in the account, it doesn't matter where it came from. Anything in the account is subject to the terms of the garnishment. The address on the paperwork is probably your banks main office. As long as the garnishment is against YOU, I doubt using your maiden name matters.
2007-03-23 13:24:08 · answer #5 · answered by STEVEN F 7 · 0⤊ 1⤋
They are going to take something! You probably had a judgement against you for something, and now they are going to collect on it. Other than wages could also mean that they can take any asset you own that does not have a bank lien on it.
2007-03-27 09:45:32 · answer #6 · answered by kmf77 3 · 0⤊ 0⤋
What this is telling you, is that if you don't pay for whatever it is that they are hounding you about then they are going to start taking the money out of your paycheck and then they will also get it out of any valuable property you have for example: your car,house,boats etc.
2007-03-23 14:29:32 · answer #7 · answered by sweetmoney 1 · 0⤊ 0⤋
It could be your bank account or any property that you own. You need to consult a lawyer A.S.A.P.
2007-03-23 13:20:42 · answer #8 · answered by ? 7 · 1⤊ 0⤋
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2016-07-22 02:41:03 · answer #9 · answered by ? 6 · 0⤊ 0⤋