frozen account

[bearfootball]

What is the name of your state? TX

How long does (on average) an account stay frozen? My bank did their "job", and knocked the account down to $0..(they applied it somewhere else). My bank sent a letter to the scumbags a couple weeks ago stating $0 funds in the account. When will the frozen account be lifted?

Thanks

 

[JETX]

Assuming this is a result of a judgment, it won't be 'lifted'. You have 10 days from the Monday following your notice to have filed a challenge to the 3rd party garnishment. If you didn't, or if that challenge is denied by the court, 'your' money has already been given to the judgment creditor. This is all noted in the garnishment documents you received.

Gee, probably the last person you expected to answer YOUR post, huh???

 

[bearfootball]

read my post.....my account is $0 ed out because my bank took care of its customer . The CA has no money to get. My question is this...
Once the CA sees there is $0 monies in the account, when will they "unfreeze" the account.

 

[racer72]

As long as the creditor has the writ of garnishment against your account, it will remain frozen. It will not be unfrozen till the bank receives a satisfaction of judgement or a release of garnishment from the creditor. Time to open a new account elsewhere.

 

[bearfootball]

thanks.
Could I open another account with the same bank? or do I have to go elsewhere.

Thanks

 

[JETX]

Interesting... are you saying that the bank moved your funds to another location or account when they were served with the Writ of Garnishment??
If so, I would love to know where that bank is located.

 

[bearfootball]

I am not saying that all. That would be illegal.
Oh sure, let me give you my account number too....

 

[JETX]

Yep, you're absolutely correct. Any bank that would do that is immediately liable for the judgment in full. That is why I think that this didn't happen as you believe.... a bank would be a fool to take that risk.

In fact, if this happened to one of my judgments, the bank would find themselves and their records in front of the court pretty quickly.

 

[bigun]

Just wondering about that as well. Did you go say, 30 days late on an outstnding loan with that bank and asked the bank to offset?

 

[Sandman-XX]

Or..

did you move funds somewhere else right before the writ took place? No you probably will not be able to open an account yourself at the same bank, the same thing will happen.