What Are The Duties And Liabilities Of A Third Party After A Levy?

A third party could be a bank that is served with a bank levy and is obligated to withhold money and pay it to the levying officer. Or it could be an employer that is required to withhold a percentage of the debtor’s wages each pay period. It could also be a company that owes accounts receivable to a judgment debtor. The general rule is that third parties must comply with a levy or be potentially liable for damages.

For more information on Debt Collections in California, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling 714-701-8970 today.