Third Party Debt Or AKA Freezing Bank Account

What is Third Party Debt or AKA Freezing Bank Account?

A Third Party Debt Order, in most cases, is used to stop the defendant taking money out of their bank or building society accounts. The amount of money that you are owed is then paid to you from their account(s). 

The court order, which is initially sent to the bank or building society, will ‘freeze’ the money held in an account on the day which it is served. It is vital that you must know when the tenant is paid as the 'freeze' will not apply to any money that is deposited in the tenant’s account after the day that the 'freeze' was introduced/served.

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