Can Prepaid Debit Cards Be Garnished

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  • čas přidán 12. 09. 2024
  • So, you want to know if prepaid debit cards can be garnished (the correct term is levy, but everyone uses the term garnish).
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    Matt Berkus has been practicing bankruptcy and debt relief law for eighteen years (as of 2020). His firm is:
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Komentáře • 9

  • @HELPSNonprofitLawFirm
    @HELPSNonprofitLawFirm Před 3 lety +1

    You could hypothecate a scenario where this could happen but it would be like telling people they need to worry about getting hit by lightning on a sunny day with scattered clouds. After 42 years of practice and around 40,000 bankruptcies I have never seen this happen once.

    • @bankruptcybailout
      @bankruptcybailout  Před 3 lety +4

      Right, I have never seen it happen although a V.P. at Green Dot confirmed to me that it has happened. However, it is so rare as to be a non-issue.

  • @fahszybear92
    @fahszybear92 Před 6 měsíci

    So does the bank account have to be in your state in order for a creditor to garnish it

    • @bankruptcybailout
      @bankruptcybailout  Před 4 měsíci

      If a bank is offering any sort of product in X state, then the bank must have a registered agent in that state.

  • @norseczar27
    @norseczar27 Před 2 lety +1

    What direct express card? I get disability

    • @bankruptcybailout
      @bankruptcybailout  Před 2 lety

      Social Security Disability cannot be garnished by non-governmental creditors.

  • @Juju_75
    @Juju_75 Před 9 měsíci

    What if i have like 3-5k, usd, on a wise prepaid debit card? Can it be garnished? I mean, would they easily known i have it then?

    • @bankruptcybailout
      @bankruptcybailout  Před 9 měsíci

      The answer in the video would apply. These cards are very difficult to find.

    • @Juju_75
      @Juju_75 Před 9 měsíci

      @bankruptcybailout even wise? You recommend any?