0
Can a creditor close an account even if you are in good standing?
Wiki User
∙ 15y ago
Yes.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Are bank account levies allowed in Texas?
Yes, Texas allows a judgment creditor to execute a bank account levy, even if the account is jointly held.
In Texas can a creditor judgment for an unpaid phone bill be enforced as a wage or tax refund garnishment or a bank account levy?
A judgment creditor can levy a bank account even if it is joint. A judgment creditor can only garnish income if there is no other way to recover monies owed. A judgment creditor can place a lien against real property but cannot perfect the lien as a forced sale of a primary residence. A judgment creditor cannot seize a tax refund.
Can creditor close the credit card account without notice?
Yes, there is no law that forces a creditor to give credit if he decides not to give it. Some creditors will do this if you do not use your card for a while, even if you've never been late on a payment. (This happened with my spouse's American Express Card, which we tend to use only for Summer travel and Christmas gifts.)
Can the IRS levy your bank account?
Yes...even without court order, which of course is all what any private creditor needs.
In Georgia can a judgment creditor take money from your bank account?
Yes. A bank account can be levied by the judgment creditor even if the account is jointly held. If the account is joint and only one of the account holder's is the named judgment debtor, the non debtor account holder must submit proof to the court as to the amount of funds belonging to them in order to protect those funds from being seized. When it concerns such joint account the court will generally freeze the account and allow the non debtor a specified amount of time to claim his or her exempt funds that are in the account.
A levy was lifted on the account now the creditor wants to garnish wages Can this be done?
Yes, a creditor can garnish wages even if a levy was lifted on the account. This would require a judgment and the court documents.
Can your bank account be garnished by a creditor in Pennsylvania?
Yes. The state allows the levy of bank accounts even those held jointly by judgment creditor(s).
Are bank account levies allowed in Texas?
Yes, Texas allows a judgment creditor to execute a bank account levy, even if the account is jointly held.
In Texas can a creditor judgment for an unpaid phone bill be enforced as a wage or tax refund garnishment or a bank account levy?
A judgment creditor can levy a bank account even if it is joint. A judgment creditor can only garnish income if there is no other way to recover monies owed. A judgment creditor can place a lien against real property but cannot perfect the lien as a forced sale of a primary residence. A judgment creditor cannot seize a tax refund.
Can creditor close the credit card account without notice?
Yes, there is no law that forces a creditor to give credit if he decides not to give it. Some creditors will do this if you do not use your card for a while, even if you've never been late on a payment. (This happened with my spouse's American Express Card, which we tend to use only for Summer travel and Christmas gifts.)
Can the IRS levy your bank account?
Yes...even without court order, which of course is all what any private creditor needs.
If you have a judgment against you and you live in Texas and don't have a house or car in your name can they take money out of your checking account?
Yes. Texas does not allow wage garnishment for creditor debt but it does allow bank account levy even if the account is jointly held.
In Georgia can a judgment creditor take money from your bank account?
Yes. A bank account can be levied by the judgment creditor even if the account is jointly held. If the account is joint and only one of the account holder's is the named judgment debtor, the non debtor account holder must submit proof to the court as to the amount of funds belonging to them in order to protect those funds from being seized. When it concerns such joint account the court will generally freeze the account and allow the non debtor a specified amount of time to claim his or her exempt funds that are in the account.
If you are delinquent in repaying your credit card debt can your bank account be 'frozen' if the account is with a different bank than the one in which you hold an account?
Even though I do believe your privacy policy has been invaded, I do believe the bank can freeze your account. Answer Yes, if the creditor obtains a judgment by means of a civil suit against the debtor the judgment can be executed as a bank account levy, this means the judgment creditor can remove all non exempt funds from the account until the judgment is paid. Where the account is joint and only one of the account holders is being sued and/or the creditor plaintiff believes the defendant debtor may try to withdraw all the funds the plaintiff can request the court to 'freeze' the account until the suit is settled.
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 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.
How can I close my Facebook account when I can't even sign in?
Read facebook help guide for this.
