I am getting a large life insurance payout($40,000) and am afraid to deposit the check in my checking account. I have a judgement against me. Can they find out my bank account information on their own and freeze this deposit?
Untitled
If you have a legal judgment against you, many investigators do have ways to find out where you bank. Some methods are more precise than others and some are hit or miss, but yes, if they know where you bank, the court may garnish your account for what is owed.
Rather than be frightened and try to calculate ways to hide your money, work with whomever you have the debt and offer to set up a payment arrangement, or agree on a lump sum payment, perhaps discounted from the current debt. Then you can pay this off and move forward.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If you have a legal judgment against you, many investigators do have ways to find out where you bank. Some methods are more precise than others and some are hit or miss, but yes, if they know where you bank, the court may garnish your account for what is owed.