Comments on: How to deal with a levy (and I’m not talking about the dad from American Pie) http://www.friedmaniverson.com/blog/debt-collection/how-to-deal-with-a-levy-and-im-not-talking-about-the-dad-from-american-pie/ A boutique law firm representing consumers and creatives Thu, 14 Feb 2013 21:47:45 +0000 hourly 1 By: New rule protects federal benefits from bank levies « Friedman Iverson http://www.friedmaniverson.com/blog/debt-collection/how-to-deal-with-a-levy-and-im-not-talking-about-the-dad-from-american-pie/#comment-3676 New rule protects federal benefits from bank levies « Friedman Iverson Wed, 09 Mar 2011 15:37:28 +0000 http://www.friedmaniverson.com/blog/?p=423#comment-3676 [...]     HOME | 612.396.5477 | SCHEDULE A MEETING « How to deal with a levy (and I’m not talking about the dad from American Pie) [...]

]]> By: Chris http://www.friedmaniverson.com/blog/debt-collection/how-to-deal-with-a-levy-and-im-not-talking-about-the-dad-from-american-pie/#comment-3630 Chris Mon, 07 Mar 2011 15:57:44 +0000 http://www.friedmaniverson.com/blog/?p=423#comment-3630 Nice article, very useful for potential clients. I am amazed how many clients come to see me after 13 of the 14 days have passed, so anything that can be done to get them in the door right away so we can help them in a timely fashion is great.

The only thing I wanted to point out (60%-70% of my practice is in consumer bankruptcy) is that funds levied within 90 days of bankruptcy filing are part of the estate. In some cases, if the debtor can exempt those funds, they get them back. However, sometimes the debtor cannot or will not exempt those funds (if the debtor has to use state exemptions, for example), then they simply go to the bankruptcy estate, and ultimately, the creditors. So while the funds must be turned over, they won’t always be returned to the debtor.

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