0
If a credit card company is suing you will you have the chance to go to court before a judgment or any bank account freezes or wage garnishments?
Wiki User
∙ 18y ago
The debtor will either be served with a summons to appear in the circuit court in the county of residence. If the debtor/defendant does not appear at the assigned court date the creditor/plaintiff will win the case by default and a judgment will be entered against the defendant. In some states a notice to respond will be sent to the debtor before the actual lawsuit summons. This is a court issued document that basically asks the debtor if they have a valid defense. Please be advised, the law does not consider the inability to pay for whatever reason (loss of employment, divorce, illness, etc.) to be a viable defense in such litigation. A creditor cannot garnish wages, levy bank accounts or attach in any manner property belonging to the debtor until due process has been followed. All states have a set of exemptions that can be used to protect specific types and amounts of real and personal property from judgment action.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
What do you do when a lawyer freezes your account and has a judgment against you?
If you owe the money, make payment arranges so they don't make continous efforts to freeze your accounts. If you need the money that was frozen to meet basic necessities like rent, file a timely claim exemption with levying officer to see if you can get some of the money back. If the judgment was obtained fraudulently, retainer a lawyer and file a motion to set it aside. You might also consier file for bankruptcy to void the debt.
Can a bank take savings account after a discharge?
If the question is can they take it after you have filed and the account was opened after you filed and was discharged complete, NO. Can they take it before total discharge NO, but you must list it as an asset on the bankruptcy it is then shared with all creditors. Remember when you file it freezes ALL assets and debts that where acquired before you file but not after>
What do you do if the bank freezes your account?
1) Go into the bank and speak with the branch manager where you have the account. 2) Demand to see in writing where the Federal Reserve allows them to hold your funds for that extended period. 3) Send a fax to both the local branch manager and a bank executive [VP], demanding your money. Ask them to show you legal proof that allows them to hold your funds hostage 3) In the fax, tell them if they do not release your funds immediately, you will find complaints with the following authorities: - The Attorney General for Your State - The State Agency that Regulators the Bank - The Local Justice of the Peace
What is crystallized incentive fee on hedge fund?
Crystallized incentive fee on a hedge fund means that the incentive fee is frozen for a period of time. Instead of the fee going up or down, it crystallizes or freezes at a certain rate.
How would you ship paint?
Depending on the kind, most paint can be shipped in trucks like anything else. Most house paint, such as Dutch Boy or Sherwin-Williams, can be shipped in trucks as long as it never freezes. Paint that has been frozen is probably ruined.
If a collection agency freezes your bank account and on the next day you file for bankruptcy can they still freeze your money?
A collection agency, or any party, can only freeze your bank account IF they have sued your first and won a judgment against you. If you file for bankruptcy, it will not immediately release the levy on the account. The court that rendered the judgment must be notified of the bankruptcy filing, as well as the judgment creditor. The account could remain frozen until the outcome of your bankruptcy. If your bankruptcy, and the judgment debt is discharged, then the bank account must be released. It is possible to release a levy before discharge, but it will usually require the bankruptcy attorney to do it.
What is the reason why your Runescape account pauses or freezes?
It is just like that.
What futures brokerage companies have had account freezes?
The companies of brokerage that ad account freezes are The Cedar Falls, PFGBest and MF Global. Other companies that had the same fate were CFTC and MT4 Forex.
What do you do when a lawyer freezes your account and has a judgment against you?
If you owe the money, make payment arranges so they don't make continous efforts to freeze your accounts. If you need the money that was frozen to meet basic necessities like rent, file a timely claim exemption with levying officer to see if you can get some of the money back. If the judgment was obtained fraudulently, retainer a lawyer and file a motion to set it aside. You might also consier file for bankruptcy to void the debt.
What is a hiring freeze?
It is when the company decides not to hire anyone to work for the company for a defined period of time, weeks to months. Freezes usually happen around budgeting time.
IF SOC.SEC. AND V.A. PAYMENTS CAN NOT BE LEVYED.BUT IF YOU HAVE DIRECT DEPOSIT CAN A CREDITOR TAKE IT ONCE IT IS IN THE BANK?
Yes, if the creditor puts a lien on your bank account or freezes your funds this money can be effected because it is considered an asset once it is in your account.
Water does this when it freezes?
It floats when it freezes.
What happens if an engine freezes?
It freezes.
Can the state of Michigan garnish money out checking accounts for child support?
The State can place a lien on bank accounts and other assets. The lien freezes the account.
What happens when a bank closes a checking account and freezes funds before notifying you How do you get your money back?
When a bank closes a checking account and freezes funds without prior notice, it could be due to suspected fraudulent activity or failure to comply with account terms. To get your money back, you would need to contact the bank's customer service or visit a local branch to understand the reason behind the account closure and freezing of funds. Follow their instructions and provide any necessary documentation or proof requested to resolve the issue and potentially access your funds again.
What do you do when iPad freezes?
try holding down the one and only button on the ipad and if that doesn't work contact the mac company during their hours.
What if laundry detergent freezes?
Yes and the detergent won't work well when it thaws; its composition changes. (Personal experience and I emailed the company for info)
