There is a phone message on my desk and I had better call them back. The potential client on the other end of the phone is very upset. It seems she received a letter from a creditor about a lawsuit and ignored it. Now her bank account has been frozen and they don’t know what to do. She says that the debt is from a credit card account and she had been told by a friend that the credit card company can't be permitted to attach her bank account.
Can You Lose Your Bank Account?
Can they? Yes, they can.
If you do not pay a bill, the creditor—in this case, the credit card company—can file a lawsuit against you. If they win the case in court, the creditor can attach your bank account to collect some or all of the money it is owed.
That's why it is important to read your mail. If you get a letter telling you that you are being sued and to appear at a District Judge's office, do not ignore it. If you do, the hearing will take place in your absence and you will most likely lose. That's when your bank account can be frozen.
Let Us Help
It is easy and understandable that you are sick of threats, phone calls, and the burden of owing creditors and not being able to pay them. If you get a letter saying you are being sued, call Steidl & Steinberg immediately to discuss the situation. Don't ignore the lawsuit and put your head in the sand.
You need to arm yourself with the kind of information that will allow you to make a knowledgeable decision on what your next course of action may be. That is where Steidl & Steinberg can help. Filing bankruptcy might be the solution, but there may be other alternatives. We will help you to understand each of the choices so that you can decide what is best for you.
But don't ignore that lawsuit letter.