Notice of withdrawal period for seizure of bankbook
Seizure of bankbook is one of the ways to seize bonds and other property rights. 통장압류 해지기간
It is widely used to mean that deposits deposited in bank accounts of financial institutions are seized.
If the creditor applies for seizure and collection of the debtor’s property to the court after receiving the title of compulsory execution, that is, the judgment or notarization, the third debtor becomes the debtor’s transaction bank and the debt collection can be done from the relevant transaction bank. 1분전
‘Collection’ here refers to actions such as finding out whereabouts of the debtor, investigating property, and requesting repayment of debts.
Seizure of bankbooks requires the creditor’s bank application procedure to be done first, so it is virtually difficult to seize bankbooks from all banks on the market, and even if it does, the execution period may differ.
Passbook Seizure Termination Period
There are two ways to cancel this lockdown.
The first is personal rehabilitation.
It is a system in which an individual debtor facing economic collapse due to excessive debt pays off the remaining debt by paying the remaining amount to the court for up to 5 years after subtracting living expenses from average monthly income.
There are definitely qualifications to apply, but debts must be greater than assets, and the total debt must be at least 10 million won.
You must have a certain income above the minimum cost of living.
Unsecured debt is limited to 500 million won and secured debt is limited to 1 billion won.
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The second is personal bankruptcy/immunity.
It refers to a case where an insolvent debtor who is unable to pay all of his debts even with all his assets files for bankruptcy with the court.
It is a system that immediately writes off all remaining debts after being declared bankrupt.
The qualifications for application are as follows.
Debts must be greater than assets, and total debts must be at least 10 million won.
You must have no or significantly less income.
In addition, there is no limit on the amount of debt, and it is irrelevant to the type of debt such as bank, insurance, capital, card, loan business, guarantee, and personal debt.
(Source: pixabay)
Therefore, no matter which of the above methods is selected, certain procedures are prescribed.
Therefore, according to this procedure, it can be seen that it takes about 7 to 10 days because the bankbook seizure is canceled immediately after application.
In the case of individual rehabilitation, the procedure consists of: receipt of application/repayment plan > appointment of rehabilitation members > injunction order and interview with rehabilitation members > decision to open > objection period (meeting of creditors) > approval of repayment plan > decision on exemption / case closure.
Personal bankruptcy/immunity is made up of the following steps: concurrent filing of bankruptcy/immunity applications > bankruptcy hearings by the court > bankruptcy declaration/concurrent discontinuation decision > public notice of bankruptcy decision > attendance at immunity hearing > decision on immunity > reinstatement.
In addition, due to the seizure prohibition law of less than 1.5 million won, seizure can be avoided if the amount existing in the bankbook is lower than this.
However, in the case of a salary account or business account, it is often more than 1.5 million won, so you cannot be legally protected for an amount exceeding that amount.
I found out the expiration period of the bank account seizure.