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Yes- by cour order. A US judgment can be taken into a Canadian court and "domesticated" that is it would become legal under Canadian law- allowing creditors to seize Canadian assets. If you file BK, the BK court can force you to liquidate any Canadian assets by not allowing you a debt discharge if you refuse to do so- the BK would also probably dismiss youe BK petition if you do not co-operate in liquidating your assets.
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Can the bank seize assets in the bank during a bankruptcy?
If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy.
When can a bank seize funds from your account?
A creditor cannot seize your bank account. A creditor can sue for payment, and a court could order you to pay, but even then your bank account would not be seized. Sometimes paychecks are garnished, meaning a portion of them are taken to pay a debt, but only when ordered by a court, and never the entire amount of the paycheck. Bank accounts can also be frozen by a court, when there is a legal dispute that involves that account. Freezing an account prevents any transactions, but it is not the same as seizing the account.Another View: Disagree, in part, with the above answer. While the lienholder cannot "seize" control of "your bank account" IF the respondant is attempting to shield their assets against a court ordered lien judgment, the judge CAN order that funds equal to the judgment be paid to the plaintiff from the identified account.
What can creditors do if you leave USA and return to India with 7000 credit card debt?
Seize and sell any property in the U.S. that the debtor owns/has including bank accounts.
Can a creditor seize your bank account if your income is not enough?
A creditor can not seize your account unless: 1) They are also your bank and you signed agreements allowing "right of offset" where the bank can take funds from your accounts to satisfy delinquent loans you have with them. 2) Your creditor obtained a court order allowing them to attach funds or place a levy on funds. Insufficient income is grounds for credit denial but I am not aware of any possible situation where funds in a bank account may be frozen or taken when a loan is current and low income is the only problem.
How do you find old bank where funds were left in 1995. I have name of bank.?
Depends on WHERE. Most states have laws that let the State seize "unclaimed" funds or property, and you will need to find out the law where the bank is. In California, there is an unclaimed property web site where you can go to search for unclaimed funds, at www.ca.gov.
Can my personal property be seized if my only source of income is Social Security and Veteran's Disability benefits?
Social Security and disability benefits are exempt by federal law from garnishment by judgment creditors. It is very important that the debtor does not commingled exempt funds with non exempt funds to avoid the possiblity of the account being "frozen" by the court until the issue is resolved. A judgment creditor can, however, seize any other non exempted personal property such as bonds, stocks, etc. or place a lien against real property belonging to the debtor.
Can you file chapter 7 with money in a savings account?
Chapter 7 is total liquidation, so basically you present the court a total financial picture of yourself, assets and debts. The court will distribute what it can of your assets to your creditors. In my case, I had no assets but the court took my 2700 tax refund and distributed it. So my answer is yes, they would force you to hand over the funds to the trustee.
Can creditors in Massachusetts force you to sell your home?
A new Homestead Law went into effect in March of 2011. Homeowners receive $125,000 of protection from creditors automatically for their primary residence. A homeowner can also sign and record a formal Declaration of Homestead and receive up to $500,000 of protection. See the related link.Mortgages are not subject to homestead protection but the homestead exemption makes it difficult for other creditors to seize a primary residence to satisfy a judgment lien for a debt.A new Homestead Law went into effect in March of 2011. Homeowners receive $125,000 of protection from creditors automatically for their primary residence. A homeowner can also sign and record a formal Declaration of Homestead and receive up to $500,000 of protection. See the related link.Mortgages are not subject to homestead protection but the homestead exemption makes it difficult for other creditors to seize a primary residence to satisfy a judgment lien for a debt.A new Homestead Law went into effect in March of 2011. Homeowners receive $125,000 of protection from creditors automatically for their primary residence. A homeowner can also sign and record a formal Declaration of Homestead and receive up to $500,000 of protection. See the related link.Mortgages are not subject to homestead protection but the homestead exemption makes it difficult for other creditors to seize a primary residence to satisfy a judgment lien for a debt.A new Homestead Law went into effect in March of 2011. Homeowners receive $125,000 of protection from creditors automatically for their primary residence. A homeowner can also sign and record a formal Declaration of Homestead and receive up to $500,000 of protection. See the related link.Mortgages are not subject to homestead protection but the homestead exemption makes it difficult for other creditors to seize a primary residence to satisfy a judgment lien for a debt.
What is Texas law about senior citizens that cannot pay credit cards?
Senior citizens are not immune to collectors nor lawsuits by creditors simply due to their age. All SS benefits are exempt from garnishment by judgment creditors as are military and government pensions and in most cases private pensions. Real and personal property exemptions (those things which a judgment creditor cannot seize) apply to all persons regardless of their age. The exemptions allowed under the bankruptcy laws are those that are used to protect property from judgment creditor action. The Fair Debt Practice Collection Act gives judgment debtors specific rights concerning collection procedures. Texas law allows liens on real property by judgment creditors it does not allow the forced sale of a primary residence. (The judgment debtor must have a homestead declaration on file with the county assessor/land office).
What is 16 in French?
sixteen -> seize (pronounced "sez")16 is seize in French.
Can a bank seize funds from a checking or savings account for money owed on the bank's credit card without a court order in Texas?
Yes, it is referred to as a "set off" action.
Can you inherit money when you are bankrupt what will happen?
If the inheritance was based on the death of a person within 6 months of filing bk, then it is part of the bk estate and the trustee will have the power to seize that money/property in order to pay off your creditors.
