Legal Question in Credit and Debt Law in New York
Freeze on accounts
After a judgement has been placed and then the company has put a hold on one's bank account...how many days do they have legally to freeze the account before they either have to take the frozen funds or release the account?
1 Answer from Attorneys
Re: Freeze on accounts
In New York a creditor that obtains a judgment may have its attorney issue a restraining notice to the judgment debtor's bank. The duration of a restraining notice is one year from the date of service of the restraining notice upon the bank.
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