Stop Bill Collectors!

When you don’t pay your bills on time, don’t respond to the calls from the collection agencies, and live under cover, you could wake up one day to find your bank account temporarily frozen. That will be a bad day if it’s the day your rent or mortgage is due! You may have missed the judgment notices in the mail (or maybe you moved). You may not even know your creditors went in to court and sued you. You have no idea they got a judgment against you and used it to empty your account. When the creditor follows legal procedures, your account may not be garnished immediately. Instead it might be temporarily frozen.
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Garnishing your bank account is the final step that a creditor would try against you to recover a debt. In the process of bank account garnishment, the creditor has to obtain a legal order from the court to freeze your bank account and take away your money to satisfy a judgment. Unlike laws that protect your wages, there are no laws to protect your bank account: creditors can take all the money in your account if they have the right forms from the court.
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It is a terrible feeling once you realise that the money you had in your bank account is now gone. What’s even worse is realising that this can be done legally and the bank will let it happen. This is because your creditors, once they have a court order against you, can take the funds from your bank account as a way of recovering the debt you owe them. In this instance, your bank is powerless to protect your money.
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One of the most disturbing things that can happen to you is to have the money disappear from your checking account. What’s even more disturbing is that your creditors – the people you owe money to – are able to legally take the funds from your account, without notice to you, once they have filed a judgment against you and obtained a court order. Of course, you are within your legal rights to fight the matter in court, against your creditors, to get your money back. But if that creditor has a judgment in hand, you will surely lose.
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A garnishment on your bank account can be quite upsetting as it means that you have no control over the money in your account and you may not be able to pay your bills. It also means that a creditor will be able to take money from your account regardless of whether it is protected or not, and your bank will let them do this because the law says that a bank must always comply with a creditor claim or they will be liable. However, there are ways in which you can protect your assets from garnishment.
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When you are in debt, it can be very easy to make mistakes and one of the biggest mistakes that a lot of people do when they are in trouble is to keep quiet and ignore their creditors. If you stick your head in the sand, your creditors may be able to find and access your bank account and take your money without your knowledge or permission. Imaging waking up one morning and finding your bank account emptied!
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The dictionary defines garnishment as “a court order to an employer to withhold wages or send money to court or to the person who has won a lawsuit against an employee.” You don’t need to hire an expensive lawyer who will charge you hundreds of dollars an hour for his services to fight a garnishment. There are ways in which you can fight for yourself and win.
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