Legal Question in Credit and Debt Law in Pennsylvania
Collection levy
If I have a judgment in my name alone can the collection agency put a levy on a joint account. The credit card debt was only in my name not my wife. It is a unsecured card.
Asked on 12/22/05, 9:48 am
1 Answer from Attorneys
Matthew Nahrgang
Nahrgang & Associates, P.C.
Re: Collection levy
Although the entireties exemption may ultimately protect the account, it could be seized in the meantime and frozen. That, of course, will result in bounced checks, etc.
It may be in your best interest to not have an account with your name on it at all. Also, you may wish to consider a bankruptcy to eliminate this threat altogether.
Feel free to call or E-mail me on a free initial basis.
Answered on 12/22/05, 2:54 pm
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