One of the most effective collection tools a creditor has in its toolbox is a bank levy. Once they know where you have your money (and they often do because they kept copies of checks you wrote to make payments in the past), it just becomes a matter of timing. Did the levy go in before or after you deposited your paycheck?

The unfortunate part of this from the debtor’s perspective is that oftentimes the money in the account can be shielded from creditors and released from the levy. All you have to do is file an objection.

How Do I Protect the Funds?

There are many sources of funds that are protected from levy under either New Jersey or federal law. One source is child support! If you are receiving it by check or direct deposit into your account, and it is levied upon, then you need to object immediately to get it released!

Want to Find Out How to Get Your Child Support (or Perhaps More of Your Money) Out of the Levy? Then download my FREE NJ Bank Levy Survival Kit NOW

Objecting to the levy in most county courts in New Jersey is a simple matter of filing a form and paying a fee (if you are initiating an objection by motion, rather than objecting to the creditor’s motion to release the fund to them).

If you have moneys for the care of your children tied up in that levy, it is crucial that you proceed with this as soon as possible!

So What Do I Do?

Want more information on how to fight back with your creditors? Then download my free book, The Biggest Secrets Your Creditors Don't Want You to Know. Become empowered and protect your rights!

But getting that money released is only the first step. That creditor is going to continue to come after you until you do something about the debt. Please feel free to call my office at 856-432-4113 or contact me through this site to schedule an appointment in my Woodbury office to discuss your options.

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Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.


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