Why did creditors put a hold of $10,000 on my bank account when I only owe them $785?
This was mention in my writ if execution which I assume is the reason the $10,000 hold in my account, Which I don’t have but I have a hard time understanding the reason why if I only owe them $785, which I can now pay. But what does that part mean exactly?
2 attorney answers
What you quoted is referring to social security or other funds exempt under law. If the money in your account didn't come from an exempt source then it doens't apply to you. The bank puts a hold on the account until the attachment is dissolved. If you call the creditor you could probably stipulate to them withdrawing the $785 from the account and dissolving the attachment. Then bad news is your bank is probably going to charge you a fee for the attachment.
The creditor should not be "garnishing" more than you owe from any bank account. Your creditor seems to be overreaching. Consider consulting with and retaining a local civil litigation attorney on a limited basis to ensure this is dealt with properly.