No matter whether a company financial obligation is owed towards the IRS, state agency, or creditor that is private a banking account may be garnished numerous times, until a debt is completely pleased. There is absolutely no limitation on how long the financial institution can try to fulfill the writ. The writ is a court purchase, therefore switching to a bank that is new just postpone the unavoidable. A creditor can request a writ that is new another bank if required.
Can Creditors Freeze or Seize Bank Accounts?
The thing that is first bank does whenever it receives a Writ of Garnishment through the IRS would be to freeze the financial institution account. Continue reading Judgment and only a state agency or creditor that is private bring about a frozen banking account, aswell.