When an individual doesn’t pay a creditor at the agreed upon amount, they are able to sue the person and get a judgement against them. Once that judgment is issued, one of the ways they can collect on those funds is by levying their bank account. They do this by filing a request for bank levy with the Civil Court. Once the Judge approves it, they then send the bank levy to the assigned bank where the individual has an account. Once that bank receives the bank levy order, they are mandated to pull funds out of the individual’s account and send those funds to the creditor until they are paid in full. Unfortunately, the individual finds out about this when there is no money left in their bank account.

Our team can evaluate the options and if the figures work, assist the individual in filing for Bankruptcy relief. Once that Bankruptcy is filed, the Automatic Stay is initiated, disallowing the bank levy to proceed. Not only does the individual stop the bank levy, they also can look to Discharge that obligation upon the completion of their Bankruptcy matter.