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Remortgaging Frozen Assets
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Hi, Can I remortgage my property that is frozen/marker on to finance the debt that the court has put up on me?
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well if you could - they wouldnt be frozen, would they?
No. Once they receive legal notification, the bank must immediately freeze your account, and remit any required amount to your creditor, or they will face legal penalties. They can only stop when the freeze is lifted by your creditor or because they received a notice that you filed a bankruptcy or proposal.
the freezer is clearly a court - and I cannot think that you have got this far without the help of a lawyer
so ask them ....
and if you havent asked a lawyer - then you need one - quig !
This happens in a weaker form when someone dies and the tax man wants his share before releasing the assets. Usually a bank helps out with a bridging loan. BUT here the fact that the assets are frozen will filll the bank managers heart with fear that he will get screwed over money laundering ( that would be yours - your money)
you dont really need us walk ins throwing in our two penny worth
you need a lawyer.
trying googling raising money when assets are frozen ....
No. Once they receive legal notification, the bank must immediately freeze your account, and remit any required amount to your creditor, or they will face legal penalties. They can only stop when the freeze is lifted by your creditor or because they received a notice that you filed a bankruptcy or proposal.
the freezer is clearly a court - and I cannot think that you have got this far without the help of a lawyer
so ask them ....
and if you havent asked a lawyer - then you need one - quig !
This happens in a weaker form when someone dies and the tax man wants his share before releasing the assets. Usually a bank helps out with a bridging loan. BUT here the fact that the assets are frozen will filll the bank managers heart with fear that he will get screwed over money laundering ( that would be yours - your money)
you dont really need us walk ins throwing in our two penny worth
you need a lawyer.
trying googling raising money when assets are frozen ....
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