Subscribe To This Site
XML RSS
Add to Google
Add to My Yahoo!
Add to My MSN
Subscribe with Bloglines
Home
Blog
Popular Topics Negotiating
Being Sued?
Deceased Debts
Credit Reports
Debt Not Mine
Foreclosure
Bankruptcy
Medical Debts
Free Resources Free Worksheet
Q & A
Complaints
Alerts
The Book Our Book
Buy Now
Testimonials
The Authors
Site Info Newsroom
Privacy Policy
Partners
 

Jobless, can they take money from my bank account ?

by Bianca
(OH, USA)

Hi,

Here is my situation. I lost my job and I have a lot of debt, but I can't pay any of it, because I don't know how long (if) it will take me to get a job.
I have some money in the bank, savings and some stocks.
If the credit cards will sue me and most likely they'll win, will they be allowed to take money from my accounts, even if I don't have a job? I live in OH as now.

Comments for
Jobless, can they take money from my bank account ?

Click here to add your own comments

Nov 04, 2011
 Jobless, can they take money from my bank account ?
by: Debtcollectionanswers.com.

So sorry about the fact that you are going through tough times, Bianca. Hang in there!

In answer to your question, if your creditors sue you and win judgments against you, they can ask the court for the right to levy against the funds in your bank account to collect on the judgments, even if you are out of work.

Given your situation, I strongly urge you to consult with a consumer bankruptcy attorney. The attorney will evaluate your situation to determine what your options are for resolving your financial problems and will explain how filing for bankruptcy can help together with its drawbacks. Then you can decide if you want to file. If you qualify for a Chapter 7 bankruptcy, you will be able to wipe out all of your credit card debt and most other types of unsecured debt you may owe as well.

Go here free legal advice about debt collection to learn more about how bankruptcy can help you with your debts, to schedule a free appointment with a bankruptcy attorney, and to access other resources related to debt and debt collection.

Click here to add your own comments





Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2011 by Mary Reed and Gerri Detweiler.
All rights reserved.

SBI
SBI!

We are honored to be featured as a Best Money Site!

best money sites

free ebook chapter

debt collection help on DebtCollectionAnswers.com