Collection on business accounts

Can collections seize business account funds?

Comments for Collection on business accounts

Click here to add your own comments

Mar 12, 2010
debt collection and business acounts
by: Gerri

Thanks for asking your question about business debt collection on our question and answer page.

The federal Fair Debt Collection Practices Act applies to consumer debts, not to business debts. For most types of consumer debts, the creditor or debt collector must first take you to court and get a judgment before it can get at funds in your bank account. But I don't know if that is true of busines debts.

The best thing you can do right now is to set up a free consultation with a bankruptcy attorney. The attorney will be able to tell you what will happen if you are unable to pay your bills, and help you understand your options.

I hope this works out for you.

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2021 by Mary Reed and Gerri Detweiler.
All rights reserved..
Read our Privacy Policy here. Do not sell my information.