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How fast can they freeze or levy my bank account

Discussion in 'Other Debt, Collection, Garnishment' started by Zella, Mar 6, 2019.

  1. Zella

    Zella Law Topic Starter New Member

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    I have stopped payment on several loans.. unsecured including a payday loan. I am filing for chapter 7 bankruptcy and do have a lawyer but have to pay the fees before they can file my bankruptcy. My question is.. How fast can they freeze my bank account after I miss a payment? I am in Tennessee. Thanks you.
     
  2. zddoodah

    zddoodah Well-Known Member

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    Unless one or more of your loans were made by the same bank where you have your bank account(s), "freezing" your account will require suing you, obtaining a judgment and service of a levy. That will take, at a minimum, several months.
     
  3. army judge

    army judge Super Moderator

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    The sooner you pay your lawyer, the sooner you can breathe easier.

    It might be wise to remove the temptation by keeping the bank account balance under $100, until you've fully paid your lawyer.
     

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