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I have gotten a bank lein on my checking account. I was trying to work with the creditor on releasing my account by paying a certain amount of money. I signed and notarized an agreement of repayment and sent it to them, however as i tried to explain to the person at the time the lien was placed I had made purchases paid bills and the amount they think I have in the bank is incorrect. Each day my account balance has changed because of insufficient funds fee and returned item fees plus items the bank has paid. Does the agreement I signed become null and void? Next question when does a lien expire?
Lisa,
I'm trying to make sense of what your asking.
a creditor placed a levy on your bank account, you wanted to make an arrangement for this bill so you signed paperwork stating you would pay. Since your account has had charges against it, you can't pay the agreed amount.
when you signed the agreement I'm sure you were under duress, which would make the agreement voidable for you.
Now since the levy was placed on your account needed a judgment, depending on what state you reside it could remain 10 - 29 years.
If you would like to speak with us about mitigating this for you please contact us.
Ontrack Financial Group
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