How long can the bank hold a bank account once a writ of garnishment has been served?

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How long can the bank hold a bank account once a writ of garnishment has been served?

Asked on December 4, 2012 under Bankruptcy Law, Maryland

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Once a bank levy has been placed on a judgment debtor's account, the bank hold the account in suspense for twenty (20) days in order for the judgment debtor to file and serve a claim of exemption upon the court, the bank and the judgment creditor. If such is not done, then the bank sends the levied money to the creditor.


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