Our Debt Lawyers Can Help with Bank Freezes and Levies
What is a Bank Account Levy?
Is Any of My Money Protected from the Levy?
What Should I Do if there is a Levy on My Bank Account?
What can a Debt Lawyer do to Help with a Frozen Account or Levy?
Debt Collection Defense Services
Repayment Plans
Debt Settlement
Litigation
Bankruptcy
What is a Bank Account Levy?
If a creditor or collector has sued you and obtained a judgment against you (whether or not you knew about it), they can then try to pay themselves too using money seized from your bank account through a process known as a bank levy also called a bank lien by many people. A bank levy occurs when a court-ordered judgment is presented to your bank by your judgment creditor or their attorney. Upon receiving the levy notice, by law, your bank has no choice but to freeze your account and notify you that they have done so. If you were not served notification of the lawsuit properly or were not served at all, this bank notification may be the first you even hear about this lawsuit – let alone a judgment against you – and now your bank account is frozen! If you didn’t know of a lawsuit against you, we could help to vacate the default judgment. If you know about the lawsuit, we can still help you fight back. If your bank received notice of judgment and order to freeze your account, the amount they freeze would be twice the amount of the judgment entered against you. As an example, this means if your bank receives an order to levy your bank account with a judgment amount listed as $10,000, they will freeze up to $20,000 of your funds putting you in quite a bind! Unfortunately, doubling the amount of the levy is standard banking practice.
Debt Relief Attorneys
Learn about your options.
See what you can save.
Contact Us Today.
Are Any Funds Protected from a Bank Account Levy?
Luckily, funds that are exempt will be unfrozen. The Exempt Income Protection Act (EIPA) helps protect your money by establishing exemption amounts for funds that have been frozen as a result of a bank levy. If you have less than $2,100 in your account or combined in multiple accounts, your account(s) will be unfrozen. The amount you can have in your account(s) is even higher if a substantial portion of your balance came from different types of government benefit deposits such as Social Security, pension, Veterans, etc. in which case you’re allowed up to $2,750 and your account(s) will be unfrozen. If the balance of your account(s) is over the exemption amount, the levy applies to the excess amount and will stay in place keeping your account frozen.
If you do not resolve the bank levy in a timely manner, the frozen funds will then be seized and applied towards the outstanding judgment balance that you owe. DO NOT LET THIS HAPPEN TO YOU!!! If your account is currently frozen our debt lawyers can help!
Click & Expand to See Your State's Bank Levy Exemption Amount
Debt Relief Attorneys
Learn about your options.
See what you can save.
Contact Us Today.
Are Any Funds Protected from a Bank Account Levy?
Luckily, funds that are exempt will be unfrozen. The Exempt Income Protection Act (EIPA) helps protect your money by establishing exemption amounts for funds that have been frozen as a result of a bank levy. If you have less than $2,100 in your account or combined in multiple accounts, your account(s) will be unfrozen. The amount you can have in your account(s) is even higher if a substantial portion of your balance came from different types of government benefit deposits such as Social Security, pension, Veterans, etc. in which case you’re allowed up to $2,750 and your account(s) will be unfrozen. If the balance of your account(s) is over the exemption amount, the levy applies to the excess amount and will stay in place keeping your account frozen.
If you do not resolve the bank levy in a timely manner, the frozen funds will then be seized and applied towards the outstanding judgment balance that you owe. DO NOT LET THIS HAPPEN TO YOU!!! If your account is currently frozen our debt lawyers can help!
Click & to Expand and Download to See Your State's Bank Levy Exemption Amount
Let Us Help You!
Get Your Free Consultation
What Can I Do to Get Help with a Bank Account Levy?
Instead of letting your creditor seize funds from your account and merely apply the seized amount towards the balance owed on a dollar for dollar basis, we can negotiate a settlement with the creditor or collector for less than the judgment amount owed and have the amount paid considered full payment thereby unfreezing your accounts and saving you thousands in the process. The longer you wait, the more likely it is your creditor will go from FREEZE to SEIZE!!! Don’t delay call today!!!
If one or more money judgments have been entered against you as a result of either an unpaid debt, forgotten debts, or even issues relating to identity theft, then your assets may be at risk. A judgment gives the creditor or collector the ability to collect in ways not available to a creditor without a judgment by granting the judgment creditor the ability to put a lien on your property and even to garnish your wages in addition to the bank levy as we just discussed. You can find out more about the other remedies available to your collectors by clicking on the one you’d like to know more about.
Your Debt Problems Do Not Go Away if Ignored…
They Get Worse
DO NOT LET A JUDGMENT CREDITOR TAKE YOUR MONEY WITHOUT PUTTING UP A FIGHT. If you have been sued do not ignore it or avoid the issue thinking it will go away. You need to deal with the lawsuit as soon as possible. You will not be able to defend yourself properly without the knowledge of the court process and lawsuits and trying to do so would be a great injustice to yourself. A debt lawyer will be able to assist you and bring a great deal of experience and knowledge to the table. If your business was sued, many courts do not allow for you to defend yourself Pro Se, and you may be forced to hire an attorney to help.
At Dramer Law, our debt lawyers can help orchestrate the removal of judgments and the liens that go with them either by attempting to vacate your default judgments or by either negotiating for affordable payment arrangements or by settling for less than the amount that is owed, potentially saving you thousands! If there is no room in your current or monthly budget for payments or settling, then another service we can help with if you qualify is to remove the levy by filing for bankruptcy.
One way or another we will be able to help – so stop wasting time. Call Now to find out more about our Debt Collection Lawsuit Defense services.
How Dramer Law Handles Our Debt Relief Cases
Read More by Expanding the Below:
Free Consultation, Fact Finding, & Financial Analysis
When you call our firm, we will want to know how and when your financial hardship began as well as what the current status is, to get a better understanding of what you are experiencing. Our staff is trained to ask the right questions to make sure that no stone in your financial picture goes unturned. Any representative that will speak with you will have a minimum of 10 years experience
We analyze your current financial situation including your assets and liabilities as well as your current cash flow, allowing us to narrow down our services more specific to what you can afford. This step is critical in any of our processes as we ensure that whatever service we recommend will be within your budget and therefore you’re more likely to succeed.
Full Disclosure, Recommendation, & Customization
There are multiple options for each problem we encounter so based on your analysis; we will then tailor fit the best option to the individual needs of your budget. We will explain in great detail all aspects of each process including the risks & fees – not just how much money you can save. Nothing will be hidden from you as we are a full disclosure law firm.
Our Relief Specialists are NOT Paid a Commission so there will be no sales pressure at our law firm. There is no obligation to retain our services. You will be given all the facts you need, and then you will be given plenty of time to think things over. Debt relief is an important decision, and we won’t rush you! We have worked hard over the years to earn the reputation we have by giving honest advice to those in need rather than the advice that benefits our bottom line!
Limited Power of Attorney & Authorization to Communicate
Lenders are Sent Notice of our Representation
Once retained, we immediately send a copy of our Limited Power of Attorney to your creditors, debt-collectors, or attorneys. Sending notice of representation is the first step in curbing any creditor or collector calls you may be receiving. We do not want you to be harassed – we’ll take over the calls for you.
The Fair Debt Collection Practices Act (FDCPA)
Once any third party servicer, debt collector, debt purchaser, collection attorney, foreclosure attorney, etc. receive our Limited Power of Attorney, they are obligated to contact us directly on your behalf. Failure to do so is a violation of the FDCPA, and we will sue them for you. There is no fee charged to you if we do not win your case, and if we do win, you can win up to $1,000 per violation, and the collector in violation will pay our attorney fees for you. It’s basically free money!
We Get the Job Done!
We are Incentivized to Perform
Our mortgage negotiation services are offered a fee structure as such that you pay part of the fee when retaining our firm and part of the fee only if we’re successful. The success fee helps ensure we are incentivized, so you’ll know we have your best interests in mind. We don’t benefit from getting you to hire our law firm, but instead, we benefit when we get the job done for you. You pay for our performance – and that’s what we do – we perform! We never agree to anything without first consulting with you and getting your approval. It is your debt and your money, so you have the final say in all of our negotiations
We Work Efficiently & Quickly
The combination of our experience, well-trained representatives, long hours, and state of the art software, allow us to accomplish more in any given day than most other firms only dream about. This can be said for ANY service we offer from negotiations to litigation to bankruptcy. We work quickly on your behalf as the longer you delay with a deed in lieu of foreclosure, the more fees your lender will charge. We will be in touch with you throughout the process to keep you informed and are available when you need us.
Are you looking for professional advice?
Let Us Help You!
At The Law Offices of Kenneth H Dramer PC, before we make any recommendations, our debt lawyers, certified debt relief specialists, and paralegals are trained to ask the right questions to find out about your specific situation. Based on your current income and your financial hardship, we will determine which course of action will work best for you. We do not only offer one path, as no one process can solve everyone’s needs. We will take our time with you and help evaluate what your best course of action should be. CALL NOW FOR A FREE CONSULTATION and one of our advisors will be there to get you started on your path to financial freedom. There is no obligation to enroll, so don’t delay.
One way or another, we can help!
Why Choose Dramer Law for Your Debt Relief Needs?
Debt is Our Specialty
Other companies and law firms offer debt relief – we specialize in it! We do not offer any services that aren’t strictly related with clients that are struggling financially so our clients have unique needs, compared to those of other law firms, that we can cater to. We offer all debt relief options and we service our clients like family. You should never settle for less when trying to settle for less!
Lower Fees
Since our clients don’t have tons of money to spare like attorneys that practice in other areas of law, we charge low fees making our services affordable for anyone that needs help. Unless your case involves one of our attorneys having to go to court, our negotiation service fees are flat fee based not charged hourly.
One on One Client Service
All of our client relationships are One on One. You’ll have one individual client service representative that will be your point of contact and you’ll build a relationship with them so they’ll know exactly what you are going through. Aside from treating you with the upmost care possible, this means you won’t have to deal with multiple people and re-explain your situation to a different person each time you call. This saves time for you and eliminates any extra stress for you as time is money and being stress free is just as important as being debt free!
Client Service Response Time
All of our attorneys, paralegals, and negotiators are dedicated to providing the best possible experience, while achieving results. We are available long hours but should we happen to be unavailable for any reason we pride ourselves on returning calls and emails right away, not several days later like most attorneys.
Our Reputation
Many companies do nothing for the high fees they charge. We have heard many horror stories. These companies aren’t proactive, they put no effort into negotiations, they don’t even return your calls let alone calls from collectors! These actions cause collectors to seek other measures to collect, often meaning lawsuits. We typically work repeatedly with the same companies and are known for resolving accounts so therefore have a great reputation with industry lenders and collectors. This benefits you when we contact these companies on your behalf, they know the accounts will get resolved and therefore we are usually able to avoid legal action!
Other Services
Many times, when we successfully get our clients out of debt, they still need assistance with other areas of their financial life. We offer many different services for those struggling with debts including Business Debt Relief, Mortgage Relief, Tax Relief, & Student Loan Relief. When Debt is the Problem – We Have the Answers!
Client Testimonials
Getting Started is Easy…
Call Now for Your Free Consultation
Call today for your free consultation with an experienced member of our team who will ask the right questions to determine the best course of action. They will go over each option that will make sense for your situation and will be sure to discuss in detail the pros and cons of each.
See How Much Money We Can Save You
Each option will have its own savings potential. Keep in mind the greater the downsides a choice may have the greater the potential for savings. Our debt relief representatives will be sure you understand the cost benefits and will be sure to disclose our fees fully.
Retain Our Law Firm and Let the Savings Begin
Once retained, we waste no time in taking action. We will work quickly and efficiently to bring a successful resolution to your situation. You will be assigned a specific member of our team that will be in constant contact with you throughout the process.
You have nothing to lose except for your debt!
Keep up to date — get updates with latest topics.
Business Hours
Get Your Consultation
Contact Us Today
Click Below