Want this question answered?
Yes
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
no
yes
In most cases, lenders cannot freeze bank accounts. They can, however, in some cases collect money from a bank account without permission from the account owner. That takes a judge's intervention. Most lenders will not go that far.
Yes
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
no
Yes. The government can even freeze your offshore bank accounts if the money is illegal.
Collection agencies can not freeze anything. Only courts can freeze bank accounts.
yes
debit cash / bank / accounts receivablecredit mortgage revenue
dr Bank/Accounts Receiveable (A) xxx cr Deferred Revenue (L) xxx
yes
Debit accounts receivable / bank / cashCredit sales revenue
In most cases, lenders cannot freeze bank accounts. They can, however, in some cases collect money from a bank account without permission from the account owner. That takes a judge's intervention. Most lenders will not go that far.
debit cash / bank / accounts receivablecredit revenue account