15 May Can creditor take a bank account? Maybe
Posted at 14:10h
in News You Can Use
Photo: castlelass/morguefile.com
Federal benefits like Social Security can’t be seized by non-government creditors. But one Andover woman had her bank accounts frozen when a creditor got a judgment against her. A series of mishaps and misunderstandings led to her account losing protections for her federal benefits. How did it happen? She transferred her funds from the so-called protected account into other accounts because she said the protected account had been hacked previously. Her attempts to work with her bank, Wells Fargo, were nothing but frustration.
See what happened, and learn about how you can protect your rights when dealing with debt in this Bamboozled column on NJ.com.