Legal Question in Credit and Debt Law in New York

Lien on checking acct. re:collecting debt

I've defaulted on payment arrangements for a credit-card debt that's been handed over to a collections agency. They've put a freeze/hold on my personal checking acct., and are in the midst of talking with the original creditor. I've told them I want to work something out and have this freeze lifted. How long can they keep a freeze on my acct?


Asked on 1/06/07, 3:25 pm

2 Answers from Attorneys
Robert R. Groezinger GroezingerLaw P.C.

Re: Lien on checking acct. re:collecting debt

You bet...you still owe the money.

Good Luck

RRG

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Answered on 1/06/07, 5:12 pm
Stephen Starr Starr & Starr, PLLC

Re: Lien on checking acct. re:collecting debt

One (1) year from the service of the restraining notice upon the bank by the judgment creditor, unless the money judgment is satisfied or vacated before then.

The foregoing is provided as general information and should not be viewed as legal advice specific to your legal matter. You should consult with an attorney to determine your rights and legal remedies specific to your legal matter.

Best regards,

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Answered on 1/08/07, 9:04 am


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