If a creditor has filed a lawsuit against you and obtained a judgment then they can attempt to collect on the debt by doing a number of things including, wage garnishments, freezing bank accounts, or levying property. I was recently asked by a client if it is too late to file for bankruptcy once a creditor has frozen your bank account? The answer to that question is NO, a debtor can still file for bankruptcy once their account has been frozen. Furthermore the filing of the bankruptcy will UNFREEZE the bank account and likely give the debtor his or her bank account once again.
If you are thinking of filing for bankruptcy, then the first thing you should do is go see a local bankruptcy attorney to determine your eligibility, options, and consequences of filing. If you live in south Florida then please contact Shmucher Law, PL at 305.741.5553 or 954.309.5559 to schedule a free consultation. We offer consultations in our main office in Miami as well as our satellite bankruptcy offices including Boca Raton, Fort Lauderdale, Plantation, and Sunrise Florida.