Did you know that over 1 million bank levies are issued each year in the United States alone? If you’ve experienced a bank levy and had funds seized from your account, you’re not alone. At The Fullman Firm, we understand the stress and uncertainty this situation brings, and we’re here to help. In this guide, we’ll explain what a bank levy is, why it happens, and most importantly, how our experienced team can help you stop the levy and recover your seized funds.
Understanding Bank Levy:
A bank levy occurs when creditors legally seize funds from your account to cover unpaid debts. Typically, this happens after a creditor obtains a court judgment against you for outstanding debts. Once a levy is in place, your bank account is frozen, and the funds are sent to the creditor, leaving you unable to access your money.
Why Does a Bank Levy Happen?
Bank levies occur when lawsuits and judgments are ignored, allowing creditors to take legal action to collect what is owed. Common reasons for bank levies include unpaid credit card bills, medical debts, or outstanding loans. Once a creditor has a judgment against you, they can initiate a bank levy to recover the debt.
How to Stop a Bank Levy:
- Seek Legal Guidance: The first step in stopping a bank levy is to seek assistance from experienced professionals like The Fullman Firm. We’ll assess your situation, explore your options, and take decisive action to protect your rights.
- Contest the Judgment: If you believe the judgment against you is unjust or incorrect, we can help you contest it in court. Our team will gather evidence and present a strong defense to challenge the judgment.
- Negotiate a Settlement: We can negotiate with the creditor on your behalf to reach a favorable settlement agreement, avoiding the need for a bank levy. Our goal is to resolve the debt in a way that works for you.
- Explore Legal Options: If necessary, we’ll explore legal avenues to stop the levy and protect your assets. Our team will assess any legal violations and take appropriate action to safeguard your funds.
Recovering Seized Funds:
If your funds have already been seized through a bank levy, don’t lose hope. The Fullman Firm can help you explore legal options to recover your money. We’ll review the levy process, identify any violations, and pursue legal remedies to reclaim your seized funds.
Conclusion:
Facing a bank levy and having funds seized from your account can be overwhelming, but you don’t have to face it alone. The Fullman Firm is here to offer expert guidance and support every step of the way. With our help, you can stop the levy, protect your assets, and regain control of your finances. Contact us today for a free consultation and let us help you navigate this challenging situation with confidence.
