T & C Leasing, Inc. v. Wachovia Bank

The opinion of the court was delivered by

AXELRAD, P.J.A.D.

At issue in this appeal is whether a post-judgment bank account levy creates an ongoing restraint in the creditor’s favor under Article 7 of the State’s execution statutes, N.J.S.A. 2A:17-50 to - 56.66, requiring the bank to turn over to the creditor funds deposited into the debtor’s account after service of the writ on the bank. The trial court held the bank had no such continuing obligation. We affirm.

The facts are undisputed. In September 2008, plaintiff T & C Leasing, Inc. (T & C) obtained a default judgment against International…