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Old 10-05-2006, 07:58 PM   #1
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Can they legally freeze your bank account - both checking and savings

If a judgement was awarded to a debt collector, can they legally freeze your bank account and take every penny in it? Both checking and savings.
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Old 10-05-2006, 10:30 PM   #2
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Yes they often can.

See Collecting on a court judgment
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Old 08-04-2010, 04:59 AM   #3
ryanbenjamin
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Default Re: Can they legally freeze your bank account - both checking and savings

Ya, they can put a hold on your account, if the decision was in favor of debit collector.
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Old 08-04-2010, 11:24 PM   #4
bizlawoffice
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Default Re: Can they legally freeze your bank account - both checking and savings

In China, you have to apply so measure before you take legal actions.
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Old 02-14-2011, 02:55 AM   #5
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Default Re: Can they legally freeze your bank account - both checking and savings

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If a judgement was awarded to a debt collector, can they legally freeze your bank account and take every penny in it? Both checking and savings.
IF A CREDIT CARD COMPANY SENDS YOU TO COLLECTIONS CAN THEY FREEZE MY CHECKING AND SAVINGS ACCOUNT
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Old 02-14-2011, 11:30 AM   #6
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Default Re: Can they legally freeze your bank account - both checking and savings

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IF A CREDIT CARD COMPANY SENDS YOU TO COLLECTIONS CAN THEY FREEZE MY CHECKING AND SAVINGS ACCOUNT
No. The collection agency cannot do that. They will threaten it, because collection agencies by nature are bottom feeders looking for money they did nothing to earn, but they cannot legally freeze any account you own.

They would have to actually sue and win a judgment in court before any such thing could possibly take place.
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Old 02-18-2011, 02:55 AM   #7
Dirken
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Default Re: Can they legally freeze your bank account - both checking and savings

Credit card companies cannot freeze your accounts.
Collection agencies don't have such rights. They visits you for collection and recovery only.
To avoid any legal charges you should pay your credit card pending bills.
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