If my business and personal joint accounts have been garnished, can I open a new bank account for me and family without risk of being garnished?

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If my business and personal joint accounts have been garnished, can I open a new bank account for me and family without risk of being garnished?

If I open a new account at different bank, can I open it jointly or alone without risk of being garnished for same case? I am not sure if court order will go by my SSN or just my current accounts.

Asked on January 18, 2012 under Bankruptcy Law, Florida

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

If your bank accounts have been levied by a judgment creditor, unless the judgment that you owe has been satisfied in full where you have received a full satisfaction of judgment signed by the judgment creditor, you are at risk of having other newly established bank accounts levied upon by the judgment creditor. It happened once, it can happen again.

I suggest that you try and enter into a monthly installment agreement with the judgment creditor in writing where you make monthly payments like clock work to pay down the judgment you owe. That way you do not have to worry about future bank levies on this judgment.


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