Can a bank account be garnished a second time if there is still money owed onthe samedebt?

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Can a bank account be garnished a second time if there is still money owed onthe samedebt?

About 2 months ago a collection agency garnished all of the funds in my checking/savings account to satisfy an old debt. There is still a balance on the account. Can the collection agency garnish my account a second time to claim the balance of the same debt?

Asked on July 14, 2011 under Bankruptcy Law, Arkansas

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

Assuming you are the judgment debtor owing a third party a valid judgment, your bank account can be repeatedly levied upon and the amount garnished by the judgment creditor until the judgment owed is satisfied in full.

Rathe rthan worrying about monies being taken out of the blue as part of the garnishment process by the collection agency, have you considered entering into an installment agreement with the creditor to make monthly payments that you can afford and if such an agreement is reached in writing, you obtain a signed satisfaction of judgment from the judgment creditor?

Such a suggestion may make things easier for you financially and reduce the stress resulting from the collection process.

Good luck.


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