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If your checking account is frozen because of a judgment do you have to pay the entire amount or can you settle?
Wiki User
∙ 8y ago
That's at the discretion of the party who won the lawsuit and had the judgment enforced. In general creditors are only open to a settlement/payment agreement before a lawsuit is undertaken.
Wiki User
∙ 8y ago
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Is a checking account an asset?
From the account holders perspective yes a checking account is an asset. The amount of money you have in your checking account is your asset. From the banks perspective it is a liability because whenever you want your money, the bank has to give it to you.
Is the amount of money in your checking account called your allowance?
No, the proper banking term is balance for an amount in a checking account.
How is a business checking account different from a personal checking account?
A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking
What is the minimum amount need to start a checking account at 5th 3rd bank?
To start a checking account at a fifth third bank you must at least have a minimum of fifteen dollars, because fifteen dollars is the cost of the monthly fees to keep the checking account.
What is a checkbook?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
What is a checkbook register?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
If a collection agency gets a judgment against you can they garnish your checking account for more than the judgment amount?
The collection agency can freeze your account, and garnish enough to satisfy the FULL amount of judgment, including court costs, attorneys fees AND interest accrued, which averages about 10%. So because the judgment verdict also has attached to it various fees, and accrues interest, the collection agency has the right to garnish the FULL CURRENT VALUE of the judgment. Your court of origin should be able to provide a full accounting of the current value of your judgment.
How do you remove a lien on your checking account?
Pay the amount of the lien to the lien holder, then give him/her the prescribed amount of time to remove the lien. You can do that in writing and make sure it's sent by certified mail and/or paid by an independent third party acting on your request. Your state will have a requirement that the lien be removed within a given period of time following payment. If the lien is NOT removed after you pay the bill, you may have legal recourse.
What is the least amount you would need to open a checking account?
i do not know sorry
What is the purpose of a checkbook register?
To keep track of the amount of money in your checking account
What is a purpose of a checkbook register?
To keep track of the amount of money in your checking account
