What your creditors don’t want you to know about bank levies is that New Jersey allows you to exempt up to $1,000 from the levy! That’s right, if you assert this right with the court, the creditor has to give you back levied funds up to $1,000! But because people don’t know this, they lose money to creditors that they could have gotten back!

Many people in financial difficulty do not maintain a lot of money in their bank accounts, so it is often the situation where the creditor has levied on less than $1,000, and has to give all of it back if you object.

Luckily, if you have fallen victim to a bank levy, you can petition the court to get this money back by downloading and using my NJ Bank Levy Survival Kit. It includes a form objection that you can fill out along with instructions on filing it. It will take a couple weeks or so for you to get in front of a judge, but it can be well worth it in getting the money back!

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!

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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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