I have a debt almost 20 years old that I started paying and then stopped due to economical reasons. Now, there is a judgement against me. I received a phone call from a lawyer due to the debt going into collections. I made a verbal agreement to make a payment monthly and they asked me for my bank information to take the money out every month. Can they freeze my account if I give them this information once signing the agreement?
The statute of limitations for enforcement may extend beyond the 20 years from the judgment upon acknowledgment of the debt, which includes a payment, for an additional 20 years! If you provide the information and you subsequently default on your agreement, not only may they freeze your account, they will certainly attempt to do so!
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They can absolutely freeze your bank account if they know where you bank. Consider consulting this matter with an attorney before you take any additional steps forward.
Good luck with the case!
Jonathan D. Warner, Esq. is an attorney and licensed to practice in the State of New York. This answer is provided for informational and/or entertainment purposes only. It should not be relied upon as legal advice, which can only be offered to clients in an office consultation setting, after all of the facts and circumstances of a case or controversy can be fully considered and reviewed. No attorney-client relationship should be inferred by virtue of any answers posted. We are a debt relief agency and help people file for bankruptcy.
Don't give him your bank account number, don't sign the agreement and don't talk to him any more. Spend a few bucks and get yourself an attorney. It will be money well spent.
Please speak to an attorney asap. It seems that you acknowledged the debt and the SOL did not run out.
do not give any information. The debt could be settled for less than the judgment amount but you will have to negotiate or have an attorney do so. Also you might want to explore whether bankruptcy might be right for you. Talk to an attorney.
The above is a general answer and is not considered legal advice. You should contact an attorney before proceeding to take any legal action, signing any papers or upon service of a summons.
A judgment gives them the right to freeze a bank account and garnish wages where you work. Is this a small sum or a large sum? If it is a large sum, talking to an experienced debt attorney would be wise under the circumstances.
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