Legal Question in Business Law in New York
freezing bank accounts
I owe money to a creditor can he seize my bank account without notifying me ?
Asked on 3/12/09, 12:10 pm
2 Answers from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: freezing bank accounts
No.
Answered on 3/12/09, 12:12 pm
Kristen Browde
Browde Law, P.C.
Re: freezing bank accounts
Mr. Nadel's answer is correct, with a huge asterisk. If your creditor has a judgment from a court, the creditor does not need to do anything by way of notifying you. The judgment creditor can issue a restraining notice against a bank account, which can have the effect of freezing the account...and there is no need for notice prior to taking that action.
Answered on 3/12/09, 1:12 pm
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