I read that a new law in January 2009 protects low income folks with direct deposit of exempt funds (SSD/SSI Work comp.) up to $2500.00 and those without direct deposit an amount of appx $1700.00
My concern is that these lawyers of the creditors will still freeze the accounts with the flimsy excuse that "perhaps there are co-mingled funds there. I understand this is wrong and I may be able to get the money back but we poor are still stuck with no money until the paperwork and waiting is over.
My question is: will lawyers still put a freeze on accounts?
I may have to get my checks mailed if so.
Please forgive me but I need to fully understand this answer.
You say the restraint will be void is I meet the criteria. First let me say that I easily meet the criteria. All my money is direct deposit from exempt funds (SSD/Work. Comp) I have no co-mingled funds. Also the most I could ever have is less then $1300.00 at one time if both checks came the same day.
Now about what you say is "void" does that mean I can still have access to my money or do I have to wait for a judge to free up my money? It just seems to me that they can still restrain the money are you saying they cannot?