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Subject:
Writ of Execution on frozen bank account
Category: Relationships and Society > Law Asked by: sunhawk-ga List Price: $2.00 |
Posted:
14 Feb 2004 07:57 PST
Expires: 16 Feb 2004 04:18 PST Question ID: 306754 |
I won in court against a corporation by default. I now wish to service a Writ of Execution on this company's bank for the judgment amount. I know the money exists in the bank account but there is a possible problem. The bank account has been frozen by the FDA. Now, the money is still in the name of the corporation (meaning the government has not yet taken control of it because the corporation has not signed the money over to the government) but the account is frozen meaning the corporation cannot withdrawal any money from the bank account. Can I still serve the Writ on the bank and collect my judgment even though the bank account is frozen? I am guessing I can since, although no money can be withdrawn, it is still an asset of the corporation. However, I wish to have someone who knows for sure answer. |
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