Garnishment of my business bank account will threaten my operations since it freezes activity. How can I deal with this?
Question Details: I'm a self-employed( LLC), Ohio-based, courier and use my ATM card for gas, Easypass (turnpike), emergency repairs, etc. I also purchase prescriptions and food. I do all my work for one company but checks they give me can only be deposited(made out to my business). Papers served say I cannot take anything from my account without court approval. I stand to be calling them 3 to 5 times a day 24 and 7 for permission to access funds.I make about 12000 profit a year and that is my only income. This is only one of 9 major creditors that I owe. Hearing is next week. What can I tell the magistrate?
Business Law Answers
I am a lawyer in CT and practice in this area of the law. A credit may only prevent you from accessing your funds if it gets an order from the court. I suggest that you provide the documents that you received to a lawyer to review them and determine the claim that is being made and whether the creditor is truly able to freeze your accounts. If the creditor is permitted to freeze your accounts then you should try to work out some kind of settlement arrangement with them where you pay small payments over time. Again, speak to a lawyer first. most lawyers will speak to you initially for free.
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