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When Debtor’s Money is no Longer Debtor’s Money: Sometimes not even Bankruptcy Helps

Posted by November 16, 2016 ,

When does a New Jersey resident lose all right to funds in a bank account levied by a judicial officer on behalf of a judgment creditor?  The answer:  "When the Superior Court of New Jersey enters an order compelling the bank to turnover or surrender the funds."  If a turnover order is entered before a bankruptcy petition is filed, the debtor ... Read More.

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