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Yes, they can file a motion prior to the lawsuit and request the court freeze all accounts belonging to the debtor in most cases, even accounts which are jointly held.

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โˆ™ 2007-03-01 21:37:29
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Q: In North Carolina can a law firm representing a credit card company freeze bank accounts?
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Related questions

Is accounts payable debit or credit balance?

Accounts payable is a credit balance, because that is how much you owe to another company. Accounts receivable (the amount you will receive from another company) is a debit balance.


Is accounts payable a debit or credit?

Accounts payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.


What is the difference for account receivable and accounts payable?

When company make sales in credit it creates the accounts receivable while when company purchases on credit it creates the accounts payable so accounts receivable is current asset while accounts payable is current liability.


Is accounts payable debit or credit account?

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Merchant Credit Accounts?

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What companies use accounts receivable system?

Accounts receivables relates to credit customers. Sales on credit will go through receivables as well as any credit notes and payments for those sales. How_do_you_use_account_payble_and_receivableThese are basic accounts. Accounts Payable is used by one company to record the amount owed to it by another company or person. Accounts payable is a liability account. Say your company purchases.


What happens when accounts receivable stays the same and credit sales go up?

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How do book an increase in notes payable?

When company purchases more goods on credit then it increases the accounts payable as goods will be debit and accounts payable will be credit.


When do you debit and when do you credit an account?

Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.


What is the journal entry for parent company paid rent to holding company?

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What is the difference between Accounts Payable and Accounts Receivable?

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Why may a control account carries both debit and credit balances?

A control account summarizes a set of subsidiary accounts. For example, Accounts receivable may have a control account, representing total Accounts receivable, and also may have a set of subsidiary accounts, representing the amount of Accounts receivable owed by each customer/debtor. The total of all subsidiary accounts must equal the balance of the control account. Control accounts will have debit or credit balances depending on the nature of those accounts. Control accounts for assets, such as Accounts receivable or Fixed assets, will have native debit balances. Control accounts for liabilities, such as Accounts payable, will have native credit balances.

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