My bank account has been levied. What can I do?

With a Judgment against me, as a power of attorney on an account, can my bank account still be levied?

  • I received a Judgment against me so I closed all my accounts to protect myself from a possible bank levy. However, I have heard that if I have someone else open an account for me and add myself as the power of attorney, they would be unable to levy my account. Does anyone if this is true?

  • Answer:

    sorry, when we receive the levy, we will look for any and all accounts you are a signer on. That will include your POA.

LP at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

By definition a POA gives you authority to do something for someone else...make medical decisions, open/close accounts, transact other matters 'as if you were that person'. You would not be a signatory on the account and your social security number would not appear anywhere. Acting as a POA has no effect on your own assets. Doing what you suggest for the purpose expressed is illegal. Unless the amount of the judgment is huge and a forensic accountant/investigator is in hot pursuit, it's unlikely an account in your name would suffer attachment unless the bank is known to the creditor. It's not like an APB is sent out to "all banks, everywhere" to be on the lookout for any accounts belonging to John Doe residing at xxx with ssn of nnnnn. A specific court-issued order must be sent to each bank at which you are believed to have an account. RJ

R J

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.