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Can a creditor close a revolving line of credit account without notice when the account has been in good standing?
Wiki User
∙ 14y ago
Yes. If you have no balance due or outstanding charges.
Wiki User
∙ 14y ago
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Can a creditor seize your checking account after you file bankruptcy?
Not without the approval of the court
Can you sue a creditor for taking money out of your account without your consent?
You can't if you owe the creditors
Can a finance company take money out of my account without my permission?
Not unless the creditor has a judgment order and executes it as a bank levy.
Can a creditor take money from a bank account if money is social security and VA check?
Not without a judge or magistrate ruling in their favour.
Can a car creditor who repossessed a car take money out of your bank without permission?
No one can take money out of your account without a court order. The exception being payments to the bank itself for administration purposes or penalties. These, however, would be set out in the initial contract.
Can a creditor repossess a car if the account is current?
not without legal cause
Can a creditor seize your checking account after you file bankruptcy?
Not without the approval of the court
Can you sue a creditor for taking money out of your account without your consent?
You can't if you owe the creditors
Can a finance company take money out of my account without my permission?
Not unless the creditor has a judgment order and executes it as a bank levy.
Can a bank go into your checking account and take money out If I am overdue on credit card payments?
It depends. If:you have a monthly loan repayment agreement with the creditor wherein the creditor automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the creditor reg. the sameThen, the creditor can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the creditor cannot deduct any money from your account without intimating you.
Can the IRS levy your bank account?
Yes...even without court order, which of course is all what any private creditor needs.
Can a creditor take money from a bank account if money is social security and VA check?
Not without a judge or magistrate ruling in their favour.
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.
Can a creditor take money from deceased bank account without written permission from executor?
It is possible for it to happen. They would have to have a court order to do so.
What are the effects of release by the guarantor without the consent of creditor?
When a guarantor is released without the creditor's consent, it may jeopardize the creditor's ability to collect on the debt if the primary borrower defaults. The creditor may lose the guarantee provided by the guarantor, who may no longer be obligated to fulfill their obligations. This could lead to increased risk for the creditor and may impact the terms of the loan or credit agreement.
Can I file chapter 7 on a joint account without the other persons signature?
yes. A joint account simply allows the creditor to collect from either party. If you file a chapter 7 without the other other person, your liability on the debt will be discharged. Your discharge has no effect on the other person's liability for the debt.
Can a creditor levy a joint bank account?
If you are the not named on the judgment levy, you must file a petition with the court where the judgment was granted to have the confiscated funds belonging to you returned. The court will require proof of what portion of the funds in the account were yours. If the account was held jointly by a married couple in a community property state the total amount of the account if not considered exempt (SS benefits, public assistance, private pensions and disability benefits) is subject to seizure by the judgment creditor even when only one spouse is the judgment debtor.
