Minnesota Notice of Levied Funds is a document issued by a court in Minnesota to notify a debtor of a pending levy on their bank account or other financial asset. The notice is typically issued when a debtor fails to pay a court-ordered debt. It provides information about the amount of the levy, the type of asset being levied, the court that issued the levy, and the date the levy will be enforced. The Notice of Levied Funds is an important document for debtors, as it allows them to prepare for the levy and take the necessary steps to protect their assets. There are two types of Minnesota Notice of Levied Funds: Garnishment and Levy. A Garnishment is when a court orders an employer or other third-party to withhold a portion of the debtor’s wages and forward it to the court. A Levy is when a court orders a financial institution or other third-party to freeze or seize a debtor’s financial assets, such as a bank account or investment account.