Legal Question in Credit and Debt Law in Florida

debtor/creditor law

I had a car repo about 4 years ago. The loan was through our credit union. I opened up a business bank account a couple of weeks ago. I found out today the bank has put a hold on $12,000.00 in my business account, the amount of the oustanding loan. They do not have a judgement against me , but said the only way they would release the money is if I signed some paperwork and payed them (2) - $300.00 payments today. Is the bank alowed to freeze the money in your business account if they do not have a judgement against you.


Asked on 5/05/09, 5:32 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: debtor/creditor law

I never heard of this.

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Answered on 5/05/09, 8:06 pm


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