While creditors won't always take money from a joint account, they may be within their rights to do so, especially if the account has your spouse's name on it, and you live in a community property state. What's the difference between a levy and a garnishment?
such as wage garnishment or seizing assets. Wage garnishment involves the IRS deducting a portion of the taxpayer’s wages directly from their paycheck to settle the outstanding debt. Asset seizure, on the other hand, allows the IRS to take ownership and sell the taxpayer’s assets to...