CarolinaBlueEyes Posted June 25, 2006 Report Share Posted June 25, 2006 A previous post caught my attention.. the woman who wrote about her bank account being frozen for 25K (I feel so bad for her)How does that work if you dont' have that kind of money in your account..do they freeze what you have and go back for more at anytime.. I would imagine that you wouldn't ADD any more money to that account.. I looked for the answers on this but didnt find them.. Link to comment Share on other sites More sharing options...
parko03 Posted June 25, 2006 Report Share Posted June 25, 2006 I had this happen but for only about 3 grand. It simply put my account into the negatives. Any outstanding checks were bounced and any deposits made will simply add to towards that first.Its a realy ugly situation. Your pretty much F*$%ked. We had no cash on us and were screwed till he got a check and I had to cash it at Walmart. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted June 25, 2006 Author Report Share Posted June 25, 2006 Thanks Parkdid they come back and try to freeze it again after that or is it a one shot deal Link to comment Share on other sites More sharing options...
LadynRed Posted June 25, 2006 Report Share Posted June 25, 2006 That depends on your state law. In some states it's a one-shot deal, a BIG wake-up call. In other states, the freeze remains until you either pay off the judgment or make arrangements to pay up - or file bankruptcy. Link to comment Share on other sites More sharing options...
cjvlah1425 Posted June 25, 2006 Report Share Posted June 25, 2006 Would they do this if you only had like 25 dollars in your account? Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted June 25, 2006 Author Report Share Posted June 25, 2006 lady in red..I am in NC any clue on thisI didnt see this anywhere in our statutes on the AG website.. I know it exists but its not spelled out (well if it is I cant find it)one shot deal.. that makes sense.. but if they keep the freeze on the account what is there to keep you from just walking away from the account... and if you have more then one can they freeze all of them.. thanks its hard to find info on this.. I went to several state law sites and googled it.. nothing that was specific regarding bank accounts was to be found Link to comment Share on other sites More sharing options...
parko03 Posted June 26, 2006 Report Share Posted June 26, 2006 They will do it as long as it is a valid account. ANY account and has .50 cents in it. I don't know if they do multiple accounts at once, I would think not but I know they will get it if you got one. THey don't know your balance. They just hope you have teh money and not to mention it gets your attention.But they can only do this if they have already gotten a judgement against you.Mine actually stayed frozen til we went to court and I fought back and won because they got a fraudulent judgement and sued me in the wrong city. So the judgement was revoked thus unfreezing the account withing 2 days. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted June 26, 2006 Author Report Share Posted June 26, 2006 thats what I was wondering.. do they do it again and again and again to get it and it just hits out of nowhere.. seems Odd.. I live in a state with no garnisment yet they still can drain an entire bank account.. not just a percentage Link to comment Share on other sites More sharing options...
mkbarten Posted June 26, 2006 Report Share Posted June 26, 2006 I have been saving money in a savings account in order to settle some of my debt - should I pull all of our money out? And what about our checking account - should I pull all the money out of that?? Link to comment Share on other sites More sharing options...
parko03 Posted June 26, 2006 Report Share Posted June 26, 2006 well what I have found it that they just freeze the whole amount. However their intentions are to just set up the payment plan for the garnishment. Im sure they know that most people don't have thousands of dollers just floating around in their accounts. Theyre just letting you know there is no more ignoring it and theyre not waiting anymore.When you go to court, the court will actually determine a percentage of your income that they are allowed to take from each paycheck or bank account. They then get there first payment from the freeze and release the rest of the funds back to normal. By this time though the courts are intervening and you now have an assinged amount through the courts set up for automatic payment. Thus a garnishment Link to comment Share on other sites More sharing options...
Recommended Posts