Full question:
I am a housewife for these past 22 years. If I owe a debt and responded in court that yes I owe the debt made payment arrangements (paid at the lawyers office) as agreed then why are they issuing a citaion to my bank as third party to reveal assets or income. Most importantly why tangle up my bank acct. to the tune of nearly $20,000. (They doubled the amount owed.)
- Category: Debts and Credit
- Date:
- State: Illinois
Answer:
In some cases, creditors can pursue additional actions even after a debtor acknowledges a debt and makes payment arrangements. If a creditor has obtained a judgment, they may be entitled to collect interest and fees on top of the original amount owed. This can lead to actions like freezing or garnishing bank accounts to satisfy the debt.
During the legal process, a creditor can request financial records, and the court may issue orders to freeze assets if they believe it’s necessary to secure payment for a judgment. This means your bank account could be affected if the creditor has taken such legal steps.
If you believe the amount has been incorrectly doubled or that your rights are being violated, it may be beneficial to consult with a legal professional who can advise you based on your specific situation.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.