Why did they freeze my bank account?
What is the Purpose of Restraining a Bank Account?
Once a bank account is frozen, the creditor can hire a Marshal to either take the monies due and owing out of the account themselves or have the bank send a check to the creditor or the creditor’s attorney from the funds in the account.
Can They Take All My Money?
There are certain types of monies called exempt funds that cannot be touched after a judgment is entered and a bank account is frozen. Examples of exempt funds include:
-Social Security
-Disability
-Pension
-401K
Will I Be Notified That My Bank Account Will Be Frozen?
Unfortunately, the creditor will not give a debtor any notice that they will be restraining their bank account.
How Can Your Firm Un-Restrain My Bank Account?
There are a few methods we can do to un-restrain your bank account.
These are:
-Negotiate directly with the attorney’s office to try and settle.
-File legal documents to get the account released and possibly get the entire matter thrown out.