Legal Question in Credit and Debt Law in Texas
Wage Account
We have a bank account that only has wages direct deposited into it; is designating that bank account as a Wage Account adequate protection from a creditor putting a levy against it? Also, what is the correct way to get the bank to designate it as a Wage Account?
Asked on 11/09/07, 4:32 pm
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Wage Account
Once the funds hit the bank account, it's only money and can be garnished. The wage account at the employer's cannot be garnished.
Answered on 11/09/07, 5:04 pm