Q: Once a bank levy has been settled paying the total debt, how does the chain of communication flow to end with the bank
releasing the freeze on my bank accounts. Is it the lawyer that submits a Proof of Paid Debt and case is
settled to the court and then the court contacts the bank to say release the freeze?
A:
After settling a bank levy by paying the total debt, the process to unfreeze your bank accounts generally begins with the creditor. Once the debt is paid, the creditor should issue a document, often called a "Release of Levy," acknowledging that the debt has been satisfied.
Your attorney, or you if you're representing yourself, can then file this release with the court. The court, upon receiving this documentation, will issue an order to the bank to release the freeze on your accounts.
It's important to communicate with your bank during this process to ensure they have received the court's order and are acting on it. Delays can occur, so staying informed and proactive can help expedite the unfreezing of your accounts. Remember, each situation is unique, and the exact process may vary depending on the specifics of your case and the involved parties.
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