Repealing a Restricted Account

Repealing a Restricted Account

According the law concerning defaulting checks, 1981, an account will be restricted after 10 checks have defaulted during a period of 12 months, when at least 15 days have passed between the first check and the last one.  Restricting an account is a sign of a worsening relationship with the bank, that brings with it a reduction, or even a termination of existing credit lines while filing a legal law suit, and exercising collections and seizures proceedings.

Restricting an account does not only influence the plain relationship between the bank and the client, but it also has a wider scope that could harm the client, his business and his reputation in front of his own clients and potential suppliers, since information about the restriction of the account are published in many databases, that keep negative information about the restriction for many years.

 

Repealing a Restricted Account

For the above mentioned reasons, the element of time is very critical, since it is necessary to file an objection to restricting the account in addition to providing an order that would delay the date on which the account is to be restricted, and all this in a matter of a few days from the day of receipt of the notice of restriction, in order to prevent negative advertisement of information about the client in the legal databases.

 

Attorney Maya Lavi provides an expert and professional service, accumulated through years of practice, relating to repealing restriction of bank accounts.

Our office has many successes with cases where the restrictions were cancelled completely, while providing the clients with the best possible solutions for his case.

לייעוץ חינם השאירו פרטים ואחד מנציגנו ישמחו לחזור אליכם
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