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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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how long to collect from my bank acc ?

How long does it take for a credit card company to garnishee my bank account ? Is such account subject to collection anytime money shows up on it ?
Do they need a court order to collect from my bank acc ?

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One Response to “how long to collect from my bank acc ?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

As for time, it really depends on how aggressive the bank wants to be. Typically they can do everything necessary in as little as 2 weeks, but rarely do you find that the bank jumps right to a garnishee. Typically you have at least a month in collections and then depending on what happens in that processes will determine the next step. Most creditors do need to get a court order to seize funds in an account (unless the funds are held by the same lending institution you owe money).

There are a number of ways to prevent creditors from accessing these funds, for more information on this you can contact a licensed trustee.