What are the Nebraska Bankruptcy Exemptions?
For many people, a bank account is their primary source of financial security. Unfortunately, it can be vulnerable to garnishment if certain conditions are met. Understanding when and how your bank account can be garnished is important for protecting your funds from creditors and other entities that may try to take them.
Garnishment is the process through which a creditor or government agency takes money directly out of a debtor’s bank account to satisfy a debt or claim. Most states allow creditors, including the IRS and state revenue departments, to use this method if they have obtained a judgment against you. In addition, some employers are allowed to garnish wages in order to collect unpaid taxes or delinquent child support payments.
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