Legal Question in Civil Litigation in New Jersey

If a civil action confiscated your checking account for payment, what monies can't they take?


Asked on 7/12/10, 3:31 pm

1 Answer from Attorneys

John Corbett Corbett Law Firm LLC

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.

See also: http://info.corbettlaw.net/lawguru.htm

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Answered on 7/12/10, 8:12 pm


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