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What's the Difference Between Wage Garnishment and Bank Levy?

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Question: What's the Difference Between Wage Garnishment and Bank Levy?
Answer: Wage garnishment happens when a creditor takes your earnings from your employer. The garnished amount is deducted from your paycheck and sent directly to the creditor. You never see the money.

Bank account levy is when the creditor takes the money from your bank account, rather than your employer. When a levy is issued, your bank account(s) are frozen and you can't access the money until the debt has been repaid.

Both wage garnishment and bank levies can’t be done without a court order, except for tax debts and child support. Certain types of funds, like Social Security benefits and received child support payments, cannot be garnished or levied, except to pay taxes or child support.

Only a court order, or full debt repayment, can stop wage garnishment or bank levy.

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