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What is a dormant savings account?
A savings account that has had no deposits or withdrawals (account owner initiated transactions) for an extended period - usually a year. After an extended period of time dormant accounts are seized by the states they are in under "unclaimed property" laws. They "hold" them for you.
Can a child's savings account be seized if a parent is behind on their mortgage?
Absolutely. The account will have been opened by one of the parents - therefore legally speaking the account is the parents property, with the child as beneficiary. If the parent falls behind with the mortgage, the lender can seize anyassets deemed to be owned by the parent !
Can IRS seize credit union account for back taxes?
Yes. A credit union has savings and checking options and either one or both can be seized to repay a delinquint IRS debts for back taxes
Can collections freeze my wifes bank account if my name isn't on her account?
If you reside in a community property state it can be seized. If you have deposited any of your money into the account it can be seized. The best thing to do is to have separate accounts.
Can an IRA account be seized for back child support in Utah?
Yep
Who does property that has been seized belong to?
The question doesn't include enough information. "Seized" by who (what agency) for what reason (evidence - forfeiture - safekeeping - etc) ? If it was seized as contraband and seized for forfeiture it will become the property of whatever agency that seized it. If it was seized as evidence of a crime, it will be returned to the victim/complainant after the trial is over.
Can your bank account be seized when you file chapter 7 in California?
Yes, anyplace. virtually always is.
Could a joint bank account be seized for a judgment against only one spouse in the state of Texas?
Yes.
Can a collection agency freeze a joint account in the state of North Carolina?
In the state of North Carolina, it is very hard to seize a bank account. When an account is joint, it can not be seized unless the debt is the debt of both parties.
Who bough over crossland savings bank?
FDIC seized the bank and gave the assets to HSBC and WAMU. But I'm sure there are more banks that have some more accounts.
Fuses blow on wiper motor but doesnt when motor disconnected?
Either the motor has a short, or is seized, for some reason.
Seize bank account for credit card debt?
If your bank account has been seized because of a debt you owe, you should call and work out a payment arrangement with the creditor. You should also start a new bank account.
