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Richard, Attorney
Category: Legal
Satisfied Customers: 53684
Experience:  Attorney with 29 years of experience.
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can my bank account be frozen without default judgement.... I

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can my bank account be frozen without default judgement....
I am going out of business and I owe money to my vendors.
Once they see my store is closed, can they freeze my account in a week or two, without a judgement?
Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.

Good afternoon. No....unless you have given a vendor an actual security interest in your bank account, which would have been evidenced by a security agreement that you signed, your vendors would have no right to take any action against any of your assets, including your bank accounts, without first suing you and obtaining a judgment against you. An unsecured creditor has no right to take any action until that time.

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Thank you so much for the positive rating! I appreciate having had the opportunity to serve you! If I can be of assistance to you in the future, just look me up and I will be happy to help! For easy access, my bookmark is:

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