You will need to attend the court hearing. You may want to hire a lawyer for this case.
Yes, you can be sued if you owe money.
i should be notified before a lawyer gets court order to take money out of bsnk account right? a document in mail or something??
Speaking from personal experience, they will take the money from the bank account that you signed up with regardless if the money is in there to cover it or not. If there is not enough money in the account then you will owe the bank money. If you don't pay the bank long enough they will take you to court, and you wont be able to open another bank account for a little while.
Yes. A Judgment involving a person would freeze all the bank accounts held by that person. For example, if X is involved in embezzlement charges (he stole money from his company worth $50,000) and the company finds out and charges him with that in court. If the court convicts him, he is bound to repay all the money to the company. So let us say he has 3 bank accounts with 3 different banks, the court will freeze all 3 accounts and instruct the bank to pay the money that is available in them to compensate for the $50,000 he stole from his company.
The Internal Revenue Service can as well as those operating under court order.
Yes, you can be sued if you owe money.
No, they can obtain a court order of garnishment and remove your money at a cost to you.
If you take a loan from the bank, then you become an asset to the bank. That is because, you owe money to the bank and the bank has all rights to take the money and the interest that you are supposed to pay for the loan from you. So any kind of money that is to be received by anyone is an asset and so similarly, a loan that people will pay back to the bank will be an asset to the bank.
If you owe money to the bank they are entitled to withdraw it from any monies deposited into your account.
Yes. A creditor can not just simply walk into a bank and demand your money. Only a court can have a creditor take money from your bank account. Actually, the court would probably order the bank to pay a certain amount to the creditor from your account rather than give the creditor the right to take money out of your account. A supreme court decision stopped that racket in Arizona.
When you owe a bank money and are unable to repay the debt, the bank may take legal action to recover the money, such as seizing assets or taking you to court. This can negatively impact your credit score and financial future.
No a landlord can not have a bank account frozen. The landlord must file a suit in court to get back any money owed to them.
i should be notified before a lawyer gets court order to take money out of bsnk account right? a document in mail or something??
Last month, my dad went to the bank and saw $1100 on the deposit the desk and no one was there to take it, so he took the money and deposited into his account. Now, the police had find my dad and shown him the bank video of him taking the money, so he gave the money bank on the day. Then today, he went to the court and now the court is charging him seven years in prison, what should we do?
Yes, but only with a court order perhaps.
DUE TO ILLNESS PARENTS NEED TO HAVE THEIR MOTORHOME REPOSESSED. WHAT WILL HAPPEN TO MONEY THEY HAVE IN THE BANK???
Speaking from personal experience, they will take the money from the bank account that you signed up with regardless if the money is in there to cover it or not. If there is not enough money in the account then you will owe the bank money. If you don't pay the bank long enough they will take you to court, and you wont be able to open another bank account for a little while.