Is there someone who owes you money? Have you ever gotten a court order to enforce a debt? Do you need assistance in Orange CA serving a bank levy or income garnishment? AAA Attorney Services is standing by to assist you. Several bank levy and wage garnishment orders have been served by our certified process servers. Learn more about the differences between bank levies and wage garnishments, as well as how we can assist you. Then call us at (714) 633-4167 to get started.
Overview of bank levy vs. wage garnishment
Creditors use legal means to confiscate valuable assets or revenue streams in order to pay off existing debts, such as bank levies or wage garnishments. The main distinction is that bank levies affect financial accounts whereas wage garnishments affect wages. To initiate a bank levy or wage garnishment against an account, a creditor must first get a court order.’
What happens after the court order
If a creditor gets a bank levy against a financial account, the account will be frozen, and the creditor will withdraw funds to settle the debt owing. If more deposits are made during this time and there is still a balance owing, the creditor will continue to deduct money from the account until the obligation is paid in full. The bank levy will be withdrawn after the debt is paid in full.
Wage garnishments
If a creditor gets a wage garnishment, the employer will deduct a part of the employee’s compensation from each paycheck. The money will be delivered to the creditor, who will use it to pay off the obligation. The wage garnishment will be removed after the debt is paid in full, much as bank levies.
Bank levies
Bank levies are commonly used by government organizations, such as the IRS, to confiscate banking accounts in order to pay for obligations such as past due student loans. Wage garnishments are used by private creditors, such as credit card firms, to collect debts. Wage garnishments are frequently utilized in family court cases to satisfy spousal or child support obligations.
Call now for help in Orange CA
We encourage you to discover more about our wage garnishment and bank levy services, as well as our other legal services in Orange CA. We can assist you if you need a bank levy or a wage garnishment issued at an employee’s workplace. To talk with a representative right now call (714) 633-4167.
