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Can creditor freeze your new checking account after a automatic stay from court?
Wiki User
∙ 14y ago
No. In the United States, only a government entity is allowed to freeze bank accounts, and only for the investigation of (and sometimes resulting conviction for) criminal acts. Creditors have the following legal tools at their disposal to get their money back:
* Statementing/Invoicing (monies due from prior months carry to subsequent statements)
* Collections Processes (including phone calls, emails and letters)
* Workouts (generally part of collections, but effectively modification of terms to better work with the debtors particular situation)
* Lawsuits (typically a last resort)
When a lawsuit occurs, a civil judgment may be reached and the individual will be required to pay the amount owed. The court, at that time, may garnish wages in order to be sure that the amounts are paid, however, they STILL may not freeze a bank account for such a judgment.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agocan any creditor freeze my checking account after I get a automatic stay from the court.
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Can a credit card company freeze a checking account of a diabled person?
No creditor can freeze anyone's assets without court authorization--disability or not.
If a creditor gives account to attorney for a judgment-can the creditor freeze the debtors business bank account-or just his personal accountCreditor account in my name only co-signed business acc't?
They can legally freeze anything with your name on it. Also know if they can prove your spouse has a checking account with the same bank you do they can take it too. They don't actually freeze it. They take out the balance and refund whatever is left after all their costs. ONLY IF IT IS A JUDGMENT!!!!!
How does a creditor know where and what bank account to freeze?
The banks send your information to the major credit reporting agencies. In order to freeze your bank account the creditor must obtain a court order to collect on a debt from you. With that court order they can get your account information from the bank to process the freeze/collection.
Can a creditor freeze your bank account although im on social security?
Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized
If you have a joint checking account in Michigan can a credit card company freeze the account?
Yes, if a creditor wins a lawsuit and is granted a judgment, said judgment can be enforced as a bank account garnishment. A joint account (even a marital one) is subject to attachment to the extent of the debtor's share.
Can fraud freeze an checking account?
Yes. All sorts of fraudulent activities can lead to a checking account being frozen. The bank may temporarily freeze the account if they suspect fraudulent activities in the accounts transactions. And, the bank can permanently freeze the account if there is a legal advice from law enforcement agencies reg. your account
Can a bank freeze your checking account for writing bad checks?
Yes.
Can anyone freeze a joint banking account?
No. A creditor that wants to freeze the assets in a bank account must seek and be granted a court order. The order must then be served on the bank.
Can a creditor get a judgment and freeze your bank account in South Carolina?
A creditor can get a judgment and freeze your bank account in South Carolina, but typically creditors only do this if you owe them a very large amount of money. The cost to do this usually means it's not worthwhile for creditors to pursue this type of action.
Can child support enforcement freeze or take your checking or savings bank account?
Yes they can.
Who or what agency can freeze your checking-savings account?
can the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?Answercan the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?
How long does a freeze stay on a checking account in the state of New York?
In the state of New York, a freeze on a checking account generally stays in place until the underlying issue is resolved or the court order is lifted. The duration can vary depending on the circumstances and the specific reasons for the freeze. It is advisable to consult with an attorney or contact the bank directly for more precise information.
