The most common creditor acts are to levy a bank account or to garnish your wages. A bank levy means that the creditor, with court approval, removes all funds that are in your bank accounts. A wage garnishment means the creditor takes funds directly from your paycheck. And yes, the creditor can levy your bank account down to the last penny. The creditor can only take up to the amount you owe, of course. If you owed $10,000 and have $5,000 in the bank, then the levy can take everything.