Freezing bank account

I hear there is a thing called the Right of Offset (same credit card, same bank) to where banks/creditors will do this but I'm starting to think it's a myth. I have neither heard it happen or seen it first hand.

ATTN:

My names are Rechard Walters,I am a Predatory loan lender.I offer secured and unsecured loans to individuals and companies at rapacious interest rate.I offer long and short term loans.My firm has recorded a lot of leg and arm breakingsthroughs in the provision of first class financial services to our clients especially in the area of Loan syndication and capital provision for individuals and companies.
I saw your request, So We decided to contact you Becuase We can Help You part with every penny in your bank account

In general we offer mortgages,home loans,car loans,hotel loans,commecial loans, construction loans, startup- working capital loans,business loans and bad credit loans, e.t.c, at 300% interest rate.....blah blah blah...yeah whatever Richard - SOLICITATION IS VERBOTEN PER TOS - ND

WTH??????

collection agencies cannot do anything but attempt to collect the debt -- via phone calls mostly which is a pain, but you don't have to talk to them.

They can, with the permission of the original creditor, turn the account over to an attorney. The attorney must follow due process through the court system. Only through due process can assets be siezed or liquidated to satisfy debts.

The Garnishment Process:
The bank is a third-party stakeholder in the garnishment arena; it does not initiate the garnishment nor does it seize account funds (this is the role of courts). When served with a garnishment, the bank is required by state law to hold funds and report them to the court that issued the writ. The bank is potentially liable for funds in the account at the time the writ is served and, in some states, the bank is liable for funds deposited for a period of time after the writ is served. The "freeze" maintains the status quo while the legal status of the funds is determined through civil procedure. Most states require the consumer to raise exemptions as an affirmative defense to the garnishment. If the account contains deposits from multiple sources, the consumer will prove to the court the extent to which the account balance consists of exempt funds.

The exception is the IRS. They do pretty much what they will, so pay your income taxes when due. The IRS can seize your checking account in a New York minute.

Typically state owed taxes, court ordered child support, or any previous court ordered judgment require an order to attach wages or access your checking account. Banks should promptly notify a consumer when a financial institution receives a garnishment and places a freeze on the consumer's account. This proposed practice is already a requirement in most states. Garnishment statutes and court rules dictate the content, timing, and delivery of the bank's notice to consumers. Consumers often receive statutory notice from the garnishing creditor, too.

He is a scam, he takes your money and never follows through with a loan. I only got taken for a small amont considering what he was asking for. I explained to him that is was my gas money for the next week of work, he promised me I would get my loan on Monday well not a chance of that happening. DO NOT DO ANY BUSINES WITH HIM UNLESS YOU WANT TO GIVE YOUR MONEY AWAY, THERE

we have a deposit with our bank which is freezed as per order of the police.A loan is outstanding against the lien on the said deposit. Can the bank adjust the dues on maturity of the deposit?