|
 |
Home >> Manage Your Money >> Debt Management
Attaching Accounts with a Court Judgment
If a court issues a judgment in favor of a creditor, what types of accounts can the judgment creditor attach with that judgment: checking, savings, CDs?
|
Untitled
|
 Usually, the type of account (checking, savings, CD) doesn't matter; all are able to be attached. What often makes a difference is the balance on deposit (some states exempt balances below a stated level from attachment), or the source of the funds (some states don't permit attachment upon accounts from certain types of income, such as social security, VA benefits, etc.). Some states also exempt accounts established under self-directed or other retirement arrangements such as IRAs. As you can see, the rules vary from state to state.
Published on BankingQuestions.com 2/02/10
|
| |
|
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
