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Asked in NJ May 21, 2022 ,  0 answers
If a civil action confiscated your checking account for payment, what monies can't they take?
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Anonymous
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Posted on / Jul. 12, 2010 20:12:00

If it can be proved that all of the money belongs to another person or has been derived from an exempt source, a judge may vacate the levy. Exempt sources are Social Security income, unemployment insurance, veterans� benefits and public assistance. Pensions are also usually exempt from a bank levy. However, a court will not struggle to determine which funds are exempt and which are not. If funds are deposited into an account from multiple sources, a judge will probably not vacate the levy. Likewise, funds left in an account in the nature of an investment or a reserve might also lose their status as exempt.

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