Free up our assets

Has your bank account been frozen? A creditor may freeze your bank account in an attempt to obtain payment for a debt. They may freeze up to two times the amount of money you owe, and you will be unable to access this money. Any additional money that you deposit may be frozen as well. A freeze on your bank account can mean that you have no money to pay your rent, buy groceries or even pay for a taxi.

If your bank account has been frozen due to a default judgment (wherein the creditor sued you in court for the money you owe, but you did not show up, the judgment would be awarded to the creditor by default) your Long Island bankruptcy lawyer may be able to help you contest this so the freeze on your account is lifted. Your bank will not give you notice before freezing your accounts. Once the bank receives the notice from the creditor, your funds will be frozen. You will need to take action to remedy the situation.

By law, the creditor is supposed to notify you that they have filed a lawsuit against you, and then that judgment has been passed. Their failure to do this may help your attorney in going to court to unfreeze your account.

Managing Partner Richard Jacoby gives a brief overview of Chapter 7 Bankruptcy and the importance of hiring a dedicated Long Island bankruptcy lawyer to assist with your case.

Our bankruptcy lawyers are always prepared to help you, so contact our firm today! Call (888) 452-2629.

Can a Long Island bankruptcy attorney help?

An attorney at Jacoby & Jacoby can review your situation and determine what can be done in order to unfreeze your accounts. With over 50 years of experience in bankruptcy cases in New York, our attorneys are qualified to offer you honest and sound legal counsel in regards to your debt. At our firm, we help clients throughout Nassau, Long Island and Suffolk who have suffered a frozen bank account.

Freezes on your bank accounts are just one of the ill effects you will suffer if you have overwhelming debt. Creditor harassmentrepossessionforeclosure and wage garnishment are all additional penalties you may suffer if you do not act quickly and work with an attorney who can help to protect your property and assets.

If you are facing overwhelming debt and see no way out, a Chapter 7 or Chapter 13 bankruptcy may be the right option for you. When you file for bankruptcy, all creditors are immediately prohibited from contacting you or taking any action against you to collect the money they are owed – and this includes freezing your bank account. Additionally, your debt may be discharged (as in a Chapter 7 bankruptcy) or you may be able to work out a payment plan (as in a Chapter 13 bankruptcy.)


Why Choose Jacoby & Jacoby?

Experienced and Qualified Representation

When you work with a New York bankruptcy lawyer at Jacoby & Jacoby, you have the benefit of our years of experience and our extensive resources, all at your disposal as you face these trying times. The stress and emotions associated with mounting debt may leave you feeling hopeless and lost. Thankfully, with the help of a lawyer at our firm, you can begin to take control of your finances and experience much needed relief.

By discussing your situation with an attorney at our firm, you can decide whether bankruptcy is right for you. You can learn what your options are. When you work with an experienced attorney at Jacoby & Jacoby, you will have the support and legal counsel of a professional who will know what to do to help. Finally, you can experience relief from creditors. You can stop worrying about losing your possessions or your home.

Contact our firm today, and learn more about the many ways that we can come to your aid. Call Jacoby & Jacoby at (888)452-2629.

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