under what rules is a creditor allowed to freeze the bank accounts of a debtor ?
when & how should this procedure be done ?
awaiting response
thank you
under what rules is a creditor allowed to freeze the bank accounts of a debtor ?
when & how should this procedure be done ?
awaiting response
thank you
I think you should post this in a banking forum.
By the way, Iām just thinking aloud here - I dont know if the creditor has the powers to close the account of a debtor.
Maybe you can answer if a broker can freeze linked bank accounts of a trader who defaults on margin. What is the typical recovery process for unpaid margins ?