Our lawyer didn't show up to court and now a judgement has been placed on our business. Can I go to another bank and open another account so I can continue to do business until this is settled. We have an emergency hearing set about the judgement.
When a judgment is docketed, the judgment holder can then attempt to collect on the judgment. Typically, the Sheriff will send bank levies to the major financial institutions in the County where the judgment is docketed. If you have a business account in the name of a judgment debtor at one of those institutions, they will turn the funds in that account over to the Sheriff.
This information is given for legal education only. It may not work for your specific situation. It is not legal advice, and I am not your lawyer. You have to find your own local lawyer to get legal advice and help with your problem.
A business has no exemptions from levy for an unpaid judgment. If you open a bank account at another bank, the creditor can levy on your new account. You can't avoid the levy by simply changing banks - the Sheriff department will eventually locate the bank account.
This message is intended for informational purposes only. It is impossible to consider all relevant facts from a message board question. No attorney-client relationship has been created. Readers should seek a personal legal consultation with an attorney of their choice for the most accurate advice.
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