I think I am misunderstanding it. Can someone help me decipher this? http://www.nytimes.com/2012/02/13/n...ty-rules.html?pagewanted=2&ref=general&src=me Christopher Ward, 49, living in his fatherâs house in White Plains on a $200-a-week disability payment from a workplace spinal injury, recalled stopping at an A.T.M. â âjust to have something in my pocket to buy foodâ â and discovering that his accounts, totaling less than $4,000, had been seized. âI tore my hair out for a long time not understanding why all this was happening to me,â Mr. Ward said, admitting to memory lapses.
These days no one can question what the government or large corporations are doing. There was good reason we spent 100 years breaking up monopolies. But in the last 2 decades we've undone all safety valves and now back to square 1.
if you know,that you are in or will be in collection agency,you know that there is ruling made by court against you-why do you keep the money on your own name in bank account? specially,if the judgment sum is that large...spend a 50$ and even decent accountant will tell you what to do..don't have $50 to spare? go to the internet and educate yourself. if you can't do all above-then sit down empty handed and tore your hair..don't tell us that didn't receive any papers or calls.. off topic: it's pretty much obvious to me that suing someone for whatever in this country is much better business than trading (for example). imo-if carefully planned-odds are far better than in trading. and you need only one shoot
Why everybody thinks I can not handle my finances????? I just posted an article from NYT You guys supposed to be angry overy the fact that any third party who claims to have a bill for your name, can access your bank account and withdraw whatever they want WITHOUT A COURT ORDER.!!!!!!!! I can understand GOVT or STATES doing this but a third party???? I have never heard of this. Is this common?
You didn't read the article closely enough. Everywhere it uses the word "judgment" it means a court order. You still need a court order to seize assets.