Protect your Bank Account with Bankruptcy and Stop Bank garnishments.
Bank account garnishment stops the account holder’s access to the funds that were deposited in the account. Typically, some of the following scenarios happen:
Important written checks on the garnished account such as rent and car payments will bounce.
Often, borrowers are surprised when the bank garnishment takes effect and their account gets frozen. Once this happens, the borrower faces a very difficult time since the checks that were written on the frozen bank account start bouncing. This can have a very serious impact on the borrower, since rent payments, car payments, mortgage payments etc… start bouncing, causing significant hardship for the borrower.
Direct deposit of paycheck or other money ends up going into a frozen account.
Typically, direct deposits are hard to stop within a short time period, the end result is that the borrower’s direct deposits end up in a frozen account until the borrower is able to either stop the bank account garnishment or unfreeze the account.
Bankruptcy stops bank account garnishments.
The Bankruptcy Code requires that bank account garnishments be stopped. Once the garnishment is stopped, the bank account holder may have access to the funds that were in the account prior to filing. The sooner the case is filed, the more likely it is for the account holder to be able to access money that was frozen in the bank account.
If you are facing a bank account garnishment, contact us for a free consultation. We have unfrozen many bank accounts and our clients have been most grateful.