I've almost gone blind reading all the PA regulations regarding bank levy for collections and in my opinion, the account in its entirety is not eligible for levy but many other people have disagreed with me, including my bank. The account includes funds that are the result of recurring direct deposits. Those direct deposits are my bi-weekly pay from my employer. Based on the changes that were made to PA law in 2010, personal income is exempted. However, people keep telling me that only social security, disability, and retirement pay is exempted. Is my regular bi-weekly pay exempt therefore making the entire account exempt from levy?
Wages cannot be garnished in Pennsylvania, but there is no protection for money in a bank account - even if the money is from your employer.
However, the money may be exempt because of an applicable Bankrutpcy exemption: 1) Did you use the state or the federal exemptions?
2) If you used the federal exemptions, how much of the homestead exemption did you need to use for your home or for other assets?
3) How much money is in your bank account?
So you're saying that if the bankruptcy is filed more than 20 days after the bank levy but before the funds are released from the bank, I can still use the Homestead Exemption to recover the funds?
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