Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Debt and Bankruptcy > If a freeze was put on your checking account because of a debt how long after you pay it will the freeze be taken off?

If a freeze was put on your checking account because of a debt how long after you pay it will the freeze be taken off?

In: Debt and Bankruptcy, Banking, Money Management, Commercial Bank and Checking Accounts [Edit categories]

Answer:

Answer

A bank account can only be seized by the excution of a judgment writ by the court. The funds can usually be held for a maximum of thirty days, for a ruling to be made on the amount that can be taken. If the debt is paid in full, the account should be reactivated within a reasonable time, generally 2 business days. Unless the account could be used as an offset for monies owed the bank where the account is held. The bank can then claim the entire amount in the account and future deposits to pay the debt.

First answer by ID0000000000. Last edit by ID0000000000. Question popularity: 35 [recommend question].

[report abuse]

Can you answer these Debt and Bankruptcy questions?

	Can you go bankrupt in IRS?	Answer it!
	Why provision for doubtful debt is prepared?	Answer it!
	When a government runs a budget deficit what must it eventually to do in order to pay back its debt?	Answer it!
	What are acceptable computer programs for recording keeping?	Answer it!
	How long do you have after a house is sold at a foreclosure auction in Arizona?	Answer it!

Relevant answers:

Can a creditor put a freeze on your checking account?
No. In the United States, only a government entity is allowed to freeze bank accounts, and only for the investigation of (and sometimes resulting conviction for) criminal acts. Creditors have the...
Can fraud freeze an checking account?
Yes. All sorts of fraudulent activities can lead to a checking account being frozen. The bank may temporarily freeze the account if they suspect fraudulent activities in the accounts transactions....
Why would you freeze a checking account?
The most common reasons are to keep any fraudulent checks that have been written from being deducted from the balance. Or to keep an unwanted person from accessing the account to withdraw funds.
Who can freeze a checking account?
can the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this? can the state of Indiana freeze your checking...
Why do banks put freezes on accounts?
Banks usually freeze accounts of customers for 2 main reasons: Inactivity for a prolonged duration of time say 6 months or Suspicious or illegal activities carried out using the bank account like...