Frequently Asked Questions
Why is my bank account frozen?
Most turnover orders / receiverships require that all nonexempt property (which may include bank funds) be turned over to the Receiver to pay off the Judgment and Receivership. When a bank is served with a Receivership Order, the bank reviews its accounts and freezes any accounts that the bank believes to be the Defendant’s account.
What is a Receivership?
A “receivership” is a legal remedy provided by CPRC 31.002 (the “Texas Turnover Statute”) where a defendant’s nonexempt assets are placed into the legal custody of the Court to pay a judgment.
What is a Receiver?
A Receiver is an independent officer of the Court appointed by the Judge by a Receivership Order to locate and liquidate nonexempt assets for the payment of a Judgment. The Receiver, even though he is an attorney, does not represent the plaintiffs or defendants in the case.
How can I resolve this Receivership?
At Texas Receivership LLC, our goal is to reach a quick resolution that will resolve the Judgment and end the receivership for the benefit of all parties. To speed up the process, Resolve your judgment
Should I hire a lawyer?
When faced with a legal issue, you have the right to seek advice from an attorney.
Can the Receiver be my lawyer?
No. The receiver does not represent the Plaintiff or Defendent. They act as a nuetral third party appointed by the court to collect money.
Can I come to your office to discuss this matter?
We do not have physical appointments in our office. We find that we can communicate quickly and effectively via
Phone / Text | (214) 875-9977
Email | [email protected]
CS Portal | Online Portal
Online Chat | Click to Chat
Why is this Judgment against me if I never had an account with the Plaintiff?
If you do not recognize the Plaintiff’s name on the judgment, the Plaintiff may have purchased or been assigned the debt.
Why is this happening now when I owed the debt many years ago?
Generally, in Texas, a creditor has four (4) years to bring a lawsuit on a debt. Once a judgment is signed by the judge, the judgment is valid for 10 years and can be renewed for additional 10 year periods.
Should I contact the Plaintiff to work this out?
Once a Judgment is in a receivership, all Defendants’ nonexempt property is held by the Court. The Receiver is the agent of the Court during the Receivership and will be responsible for creating a resolution to the receivership.