What happens if you switch banks after a levy or garnishment order?

Before you transfer funds to a new bank account to avoid garnishment, it’s worth knowing what could happen. Supatman/Getty Images Rising credit card debt levels and high borrowing costs are adding a lot of extra pressure to borrowers’ finances right now, and it’s causing some big issues in terms of unpaid and overdue debt. With … Read more

Schitt’s Creek” star Dan Levy on making “Big Mistakes

On the streets of New Jersey recently, Dan Levy, creator of “Schitt’s Creek,” was shooting his new sitcom, “Big Mistakes.” He said the idea for the show “came from a fear that I have of being trapped. I like my freedom!” In “Big Mistakes,” a New Jersey pastor and his sister, a teacher, accidentally get … Read more

As wealth taxes gain traction, Warren proposes levy on the ultra-rich

As wealth taxes gain traction around the U.S., Sen. Elizabeth Warren is introducing a new bill that the Massachusetts Democrat said would raise trillions in federal revenue by placing new levies on people worth over $50 million.  The bill, called the Ultra-Millionaire Tax Act of 2026, would impose an annual 2% tax on the net worth … Read more

How long can a bank levy last?

A bank levy can happen quickly once a creditor obtains a court judgment, but it may not end as fast as you’d hope. Chee Siong Teh/Getty Images Right now, borrowers are navigating a complicated economic landscape. Not only are credit card interest rates still sitting near record highs, but rising inflation is keeping everyday costs … Read more