Long Island Bankruptcy Lawyer
Bankruptcy Offices throughout Long Island, New York
Long Island Bankruptcy Attorney Firm Overview Attorney Profiles Evaluation Form Contact Our Firm
Bankruptcy Areas of Practice
Long Island Bankruptcy
Alternatives to Bankruptcy
Bankruptcy Exemptions
Bankruptcy FAQs
Bankruptcy Law
Bankruptcy Overview
Consolidate Your Bills
Creditor Harassment
Debt Consolidation vs Settlement
Discharging Debt
Eliminate Your Bills
Filing Jointly
Foreclosure
Freezes On Your Bank Accounts
Is Filing Bankruptcy Right For Me?
Life After Bankruptcy
Loan Modification
Repossession
Tax Debt & Bankruptcy
The Jacoby and Jacoby Difference
The Means Test
Top Bankruptcy Myths
Types of Bankruptcy
Wage Garnishments
Why Hire a Bankruptcy Attorney
Your Bankruptcy Consultation
Bankruptcy Blog
Bankruptcy Videos
En Espanol
Bankruptcy Law

Freezes on Your Bank Accounts

Free up our assets

Has your bank account been frozen? A creditor may freeze your bank account in an attempt to obtain payment for a debt. They may freeze up to two times the amount of money you owe, and you will be unable to access this money. Any additional money that you deposit may be frozen as well. A freeze on your bank account can mean that you have no money to pay your rent, buy groceries or even pay for a taxi.

If your bank account has been frozen due to a default judgment (wherein the creditor sued you in court for the money you owe, but you did not show up, the judgment would be awarded to the creditor by default) your Long Island bankruptcy lawyer may be able to help you contest this so the freeze on your account is lifted. Your bank will not give you notice before freezing your accounts. Once the bank receives the notice from the creditor, your funds will be frozen. You will need to take action to remedy the situation.

By law, the creditor is supposed to notify you that they have filed a lawsuit against you, and then that judgment has been passed. Their failure to do this may help your attorney in going to court to unfreeze your account.

Can a Long Island bankruptcy attorney help?

An attorney at Jacoby & Jacoby can review your situation and determine what can be done in order to unfreeze your accounts. With over 50 years of experience in bankruptcy cases in New York, our attorneys are qualified to offer you honest and sound legal counsel in regards to your debt. At our firm, we help clients throughout Nassau, Long Island and Suffolk who have suffered a frozen bank account.

Freezes on your bank accounts are just one of the ill effects you will suffer if you have overwhelming debt. Creditor harassment, repossession, foreclosure and wage garnishment are all additional penalties you may suffer if you do not act quickly and work with an attorney who can help to protect your property and assets.

If you are facing overwhelming debt and see no way out, a Chapter 7 or Chapter 13 bankruptcy may be the right option for you. When you file for bankruptcy, all creditors are immediately prohibited from contacting you or taking any action against you to collect the money they are owed – and this includes freezing your bank account. Additionally, your debt may be discharged (as in a Chapter 7 bankruptcy) or you may be able to work out a payment plan (as in a Chapter 13 bankruptcy.)

Click here to watch our informative videos
Contact us today to receive a free legal consultation




Leave feedback about our services here.
Bankruptcy Law Visit us on Facebook Follow us on Twitter
Bankruptcy Law

Attorney Web Design

We are a qualified debt relief agency. This is Attorney Advertising. The information on this website is for general information purposes only. Nothing on this or associated pages should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.