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First, lawyers cannot freeze any account, no one can without a court order, and the debtor would have prior notification before it could happen.

Second, anything on which a debtor is signatory that is an asset is subject to attatchment by order of the court, except in those states where such is prohibited.

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What are the legal procedures to open frozen bank accounts?

To open a frozen bank account, one typically needs to follow legal procedures that may involve obtaining a court order or resolving the specific issues that led to the freeze, such as settling debts or addressing compliance concerns. The account holder should contact the bank to understand the reasons for the freeze and gather necessary documentation, such as identification and proof of financial stability. In some cases, consulting a lawyer may be advisable to navigate any legal complexities. Once the issues are resolved, the bank can then lift the freeze and allow access to the account.


In which state should you file a chapter 11 bankruptcy?

Generally you are required to file in the district in which the debtor has its principal place of business or principle assets (i.e. you can't simply choose where you want to file). Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!


What do you call someone who writes a contract?

lawyer


What was Bill Gates father's profession?

he was a lawyer.


What can be done to you if a debt goes into collection?

AnswerFind out who the collection agency is, if you don't know, and pay the debt off immediately. As soon as the debt is payed get it cleared from your credit report.If you debt is business to business, then plays different rules compared to consumer debt, laws and rules applied to debtor and protect also the business that place the account to a commercial collection agency, if you have a lawyer ask him to talk to the collectors if not, talk to them, explain your situation and offer work with them to pay off the debt

Related Questions

Do i need a lawyer to file a Judgment debtor's claim for exemption in Missouri?

You do not need a lawyer for file a judgment debtors claim for exemption in Missouri. You do need to have it notarized.


Should you agree to an automatic stay removal as a debtor?

Almost never....and if you don't understand why...get a lawyer for your bankruptcy...heck your creditors have!


If you are sued in the state of Maryland in a civil case creditor vs debtor cant afford a lawyer or a settlement?

if you lost your screwed


How can a business effectively collect a judgement from a debtor?

A business can effectively collect a judgment from a debtor by taking legal steps such as garnishing wages, seizing assets, or placing a lien on property owned by the debtor. It is important to follow the legal process and work with a lawyer to ensure the judgment is enforced properly.


Can a lien holder refuse release of lien if debt is paid?

If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court


Can a creditor still file a motion to dismiss Ch. 13 bankruptcy if debtor has recently died?

Yes, but the death of the debtor does not automatically lead to dismissal. A spouse or other family member or friend can take the place of the debtor. The main problem will be the loss of income to pay the plan, but it may be possible to shorten the plan to the time the debtor died, and get a discharge. Talk to the bankruptcy lawyer.


Do you have to go to a lawyer to form a trust?

yes, otherwise it is illegal, because they have to know that you are collecting money for a reliable trust


Do you contact the debt collecting lawyer about your debt?

stay off of the phone and keep all correspondence to us mail only


Does the collector have to chase down the bankruptcy lawyer or is it the debtor's responsibility to include creditor on bankruptcy?

You MUST provide contact info to anyone perhaps effected by your BK...absolutely


Can a laywer or a district atty freeze as sets?

A DA could... a lawyer would have to go through the courts to make it happen.


What is a bankruptcy trustee?

The court appointed person (usually another lawyer) that takes all non-exempt property from the debtor, liquidates the property, and pays the creditors (according to a specific formula)


Ex spouse filed for bankruptcy and now the lending institution refuses to send a bill out. Is this legal?

Assuming this debt is still a joint debt, the lender should send the non-filing debtor the monthly statements. The automatic stay does not apply to the non-filing debtor. You may need to get a lawyer to get them to stop being stupid. Their billing program may not be set up to separate the notices, but that should not be the debtor's problem.