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How do you find a debtor's bank account information when you have a judgment against them?
One of the difficulties a judgment creditor has is executing the judgment. The court will not assist the creditor in finding assets belonging to the debtor unless the creditor has filed and been granted a motion of discovery. The options for finding a debtor's bank account are somewhat limited unless the creditor has a copy of a check or the name of the banking facility. One method is to call bank branches that are closest to where the person resides and see if you can persuade the bank to tell you if the person of that name banks there. Be advised, the bank has no legal obligation to impart the information (and they seldom will) unless they are presented with a court order.
What else can I help you with?
Format for Debtors control account and creditors control account?
debtors
What is sales ledger control account?
Sales control account is a summary of transactions relating to the debtors balance.the debtors ledger account is debited when there is an increase of the debtors balance and credited when there is a reduction of the debtors balance
Can creditor garnish bank account when I am listed as a custodian on my child's account?
Yes. In the event a creditor has secured a judgment against you for a bad debt, that creitor may secure by garnishment any account on which you appear. By legal definition any account on which you appear is your account. It is an old trick, and not very successfully done in past years, for debtors to try to hide their finances behind their children's names. Collections agencies and many creditors now have people on staff called skip tracers who specialize in locating the assets of debtors. If it is out there, they will find it.
What does the phrase 'Sundry Debtors' mean against a debit entry on a personal current account statement?
The phrase 'Sundry Debtors' on a personal current account statement typically refers to amounts owed to the account holder by various individuals or entities. It indicates that there are multiple small debts or receivables that the account holder is expecting to collect. This entry suggests that the account holder has extended credit or has outstanding payments due from these debtors.
What is journal entry for allowances to debtors?
[Debit] Allowance for debtors account [Credit] Accounts receivable account
Can a bank account in Delaware be levied for a court judgment?
Yes, a bank account in Delaware can be levied for a court judgment. If a creditor obtains a judgment against a debtor, they can potentially freeze or garnish funds in the debtor's Delaware bank account to satisfy the debt. It is important for debtors to be aware of their rights and seek legal counsel to understand the implications of a court judgment on their assets.
Can you garnish a bank account when the owner of the company I have the judgment on has his Bank account listed under INC.in the Bank of America bank account?
Type your answer here... YES YOU CAN, THE LEVY IS HIT BASED ON THE SSN AND NAME SO IF THE DEBTORS NAME IS ON THE JUDGMENT AND HAS A BUSINESS ACCOUNT YOUR LEVY WILL BE GOOD.
Format for Debtors control account and creditors control account?
debtors
What is sales ledger control account?
Sales control account is a summary of transactions relating to the debtors balance.the debtors ledger account is debited when there is an increase of the debtors balance and credited when there is a reduction of the debtors balance
Can creditor garnish bank account when I am listed as a custodian on my child's account?
Yes. In the event a creditor has secured a judgment against you for a bad debt, that creitor may secure by garnishment any account on which you appear. By legal definition any account on which you appear is your account. It is an old trick, and not very successfully done in past years, for debtors to try to hide their finances behind their children's names. Collections agencies and many creditors now have people on staff called skip tracers who specialize in locating the assets of debtors. If it is out there, they will find it.
What does the phrase 'Sundry Debtors' mean against a debit entry on a personal current account statement?
The phrase 'Sundry Debtors' on a personal current account statement typically refers to amounts owed to the account holder by various individuals or entities. It indicates that there are multiple small debts or receivables that the account holder is expecting to collect. This entry suggests that the account holder has extended credit or has outstanding payments due from these debtors.
What is journal entry for allowances to debtors?
[Debit] Allowance for debtors account [Credit] Accounts receivable account
How do you treat refund to debtors in the debtors control account?
decrease with a credit
What type of account is debtors account?
Accounts Payable.
What account type is an intercompany account on the chart of accounts?
Other Debtors account
If a creditor gives account to attorney for a judgment-can the creditor freeze the debtors business bank account-or just his personal accountCreditor account in my name only co-signed business acc't?
They can legally freeze anything with your name on it. Also know if they can prove your spouse has a checking account with the same bank you do they can take it too. They don't actually freeze it. They take out the balance and refund whatever is left after all their costs. ONLY IF IT IS A JUDGMENT!!!!!
If one of two signatory debtors has made payment arrangements can the creditor garnish attach or do anything of that nature to the non paying debtor?
The lender can take no actions until they have a judgment against you.
