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How Long Does A Bank Levy Last? A Writ of Execution that precedes the bank levy is valid for just 180 days. Still, this is nearly half a year, and it gives judgment creditors the time they typically need to complete the process of garnishing money from your bank account, in many cases.
In some cases, they may take legal action and request a bank levy. This may freeze your bank account and give creditors the right to take the funds directly from it. You won't be able to access the money in your account until the debt is paid.
Execution refers to the act of the receiving bank in issuing a payment order ?intended to carry out? the payment order that the bank received. A receiving bank has executed an order even if the order issued by the bank does not carry out the order received by the bank.
Getting It Lifted Once a levy is in place, the creditor may keep withdrawing funds from your bank account until the entire debt is repaid. You may be able to get the levy lifted by taking care of the obligation, making a payment arrangement, or settling the debt.
Execution refers to the act of the receiving bank in issuing a payment order ?intended to carry out? the payment order that the bank received. A receiving bank has executed an order even if the order issued by the bank does not carry out the order received by the bank.