Why would the IRS freeze a bank account?

Answer According to the Internal Revenue Service, taxpayers are responsible for paying all back tax owed on or before the April 15th deadline. If the tax is not paid by the due date, then the IRS may tak... Read More »

Top Q&A For: Why would the IRS freeze a bank account

Why would a bank freeze a checking account?

A bank will freeze a checking account if it receives a court order to do so based on a judgment, against a debtor, obtained by the IRS, (Internal Revenue Service), or a creditor for a past due debt... Read More »

How do i remove a bank account freeze?

ResearchConsult with your bank to find out why your accounts were frozen. This is most commonly because of a court order or because of debt that you owe the bank. In some cases, your bank will be a... Read More »

How to Freeze a Bank Account Post Judgment?

Freezing a bank account post judgment involves a straightforward process, assuming part of the judgment awards you the right to freeze the debtor's assets and bank accounts. Keep in mind, there are... Read More »

Can a Creditor Freeze My Bank Account for Unsecured Debt?

It is possible to wake up one morning to find that someone emptied your bank account -- legally. Creditors can freeze your bank account, called a levy, for unsecured debt after winning a lawsuit. H... Read More »