If one has a bank account that is totally virtual (meaning the bank only exists online), can the CA or O. Creditor still garnish the account if they find it? I think I am starting to grasp the reason why people advise to get an out of state account. It is because the creditor cannot touch it because it has to follow the State where you reside laws. Am I reading this correctly? Thank you
Man this board is really dead. As a newbie this is a bad sign. This is the first time on any credit board that this happens: My post went unread and unanswered. Maybe I should leave this forum.
Fine. Go ahead. If they sue you where you are, and get a judgement, I would presume that if they knew where you had an account, they could try to garnish it. Your credit reports might show where you had accounts, or they could compel you to disclose your assets to the court. It might just take additional legal work to "domesticate" it in another state. The question is, is it worth it for the amount involved? Here is what one collection attorney does: http://www.agulnicklaw.com/practice/collections/judgement.html
