Legal Question in Credit and Debt Law in Texas
We reside in the state of Texas. My husband was let go from his job and has been employed on again and off again since December 2009, we have had a few credit card companies file default judgements against us because we were not able to make our payments. With a default judgement can they seize are bank accounts? As soon as we see he has a stable income we want to file for bankruptcy but we don;t have the money to do it yet.
2 Answers from Attorneys
The short answer is Yes, they can put a freeze on your money deposited in your bank accounts. The interesting part of what you've described is that they've taken default judgments. Were you notified of the court hearing(s) before the default judgments were taken? If not, the judgments could be null and void and you could get the judgments thrown out. In the meantime, get your money ouf of deposit accounts (savings, checking) and hold it as cash.
Yes, they can and probably will.
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