Legal Question in Credit and Debt Law in Texas
Recently I have been contacted by a Attny Law Office for credit debt. I reside in the state of Texas and I am aware that i can not be garnished but they can file a judgment or even sue me. In the judgment as far as ceasing your bank account how does that work? Do they have to retain that information from me or will it be ordered in court. I don't have a home in my name. I only posses one vehicle that is not fully paid off. What should I be looking out for?
1 Answer from Attorneys
Well, as for some types of debts, the Attorney General's Office purposely doesn't let you know that a case has been filed against you - even though, by law, they required to do so. They obtain a judgment and then go after your bank accounts to have them "freezed" so that you cannot get at your money - for any reason - unless and until the debt is paid in full. The bank that has your money plays right along with the AG's Office because it gets to charge YOU for freezing YOUR money, and for any "Insufficient Funds" charges that my occur on any outstanding checks you may have written. Can you fight this sort of thing? Yes, but it will take a long time before you will stand a chance at getting your money back. Best thing to do is to take all your savings, checking, other funds deposited with the bank and have it all converted to cash that you keep with you. Its a bad situation you're looking at.
How do I know? Been there, done that, got the T-Shirt!
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