Los Angeles Bankruptcy Attorney

Taking Legal Action in Response to Freezes on Your Bank Account

If your bank account has been "frozen", one possibility could be that a creditor has taken the legal steps necessary to file a case against you for unpaid debt and placed a levy on your account. These levies can be placed for all types of debt, including credit cards, bank loans, taxes, child support or other types of financial obligations that have not been paid. It is important to know that neither your creditor nor your banking institution is required to notify you of their decision to freeze your account. In most cases, individuals will not know their accounts have been frozen until they try to get money out. If you are facing this situation, it is in your best interest to hire a Los Angeles bankruptcy attorney immediately.

One important fact to consider is that a creditor or debt collector cannot freeze your bank account unless they receive a judgment against you. Without a court judgment, creditors and debt collectors cannot gain access any funds in your account. Judgments will show up on your credit report, lowering your credit score and affecting your ability to get credit in the future. If you're bank account has been frozen, it is in your best interest to hire a qualified attorney to resolve the situation quickly and effectively. You have only a limited time to act if you hope to get the situation resolved, and our firm is very qualified and experienced in how to resolve a frozen bank account by vacating the judgment against you.

Bankruptcy Lawyer Serving Los Angeles

At the Mathews Law Firm, we have helped numerous clients to resolve this difficult situation. We know exactly how to move forward with the process of vacating a judgment and getting your financial situation back under control. As there is a small window of time in which to resolve the matter, we urge you to contact us at once. Some cases are complex as certain types of funds, such as social security and pensions, are exempt from this process. In some cases, individuals will have these exempt benefits "comingled" with their non-exempt funds. Our firm will bring your case to court to vacate the judgment against you and negotiate the other aspects of your situation, including your credit report.

If your bank account has been frozen, contact a Los Angeles bankruptcy attorney today.