yes a joint account in the bank cab be frozen if a person has a judgment against him. That account wth that number is frozen or the other partner will withdraw all the money.
If there is a valid judgment against the account holder, the judgment creditor can levy the bank account to recover the monies owed according to the terms of the judgment and the laws of the state in which the account is held.
yes this is absolutely true
Yes, after a judgment has been granted against you
In most instances the judgment holder can execute the writ against any non exempted property belonging to the judgment debtor. The preferred method is wage garnishment followed by bank account levy. Those are the two most often used but not the only methods available for the judgment creditor. States inact laws relating to such matters. The best option for a judgment debtor is to consult with an attorney or legal adviser who is knowledgeable in the laws relating to the matter.
The Lien against the bank account will expire 1 year after it is placed. A NY judgment is Valid and enforceable for 20 years from the date of entrt.
A bank account levy is one method for a judgment creditor to recover monies owed for a debt. The judgment holder files the writ of judgment with the clerk of the court where the judgment was entered against the judgment debtor as bank account levy. I If the judgment is allowed to be executed, the sheriff will serve the writ for levy (garnishment) of the debtor's account on the bank where the account is held. The bank can either honor the writ and release the funds up to the maximum of the judgment or request the court to "freeze" the account and decide whether or not the judgment writ is valid. When an account is joint and only one account holder is the judgment debtor, the bank will usually request the account to be frozen. It then becomes the responsibility of the non debtor account holder to provide documentation to the court proving the amount of funds belonging to them.
you can request for a relief from judgment or wait to object to the debtor's discharge if I am not mistaken ...Augusta,ga
Yes, that's how it goes.
garnish their bank account or their wages
Yes. Once an account has been sold it becomes the property of the collector/collection agency that buys it. The collector can then file suit against the account holder debtor for the amount owed and if a judgment is awarded against the debtor it can be enforced in whatever way allowed under the laws of the debtor's state to collect the debt that is owed.
Only if you owe them money and they have gone to court to seek a judgment against you.