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Can a Creditor Freeze Your Assets Before Getting a Judgment Against You?

By Ken Laino on January 26, 2011
Posted in Creditors' Rights

In the United States, a creditor usually has to obtain a court judgment against you before attempting to seize any of your assets. But there are some exceptions to this general rule.

In some cases, a court can issue a temporary restraining order (TRO) or an injunction against a debtor that effectively freezes the debtor’s assets. This…

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Kenneth J. Laino <br> <em>of</em> Schneider Smeltz Spieth Bell LLP
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Kenneth J. Laino and J. Paul Fidler are partners and Kyle T. Mordew is an associate in the law firm of Schneider Smeltz Spieth Bell LLP. The firm offers thoughtful, practical solutions to the complex problems facing its clients. Established in 1895,Schneider Smeltz Spieth Bell LLP is one of Cleveland’s oldest law firms. While its base is in Cleveland, the firm represents clients throughout the United States and the world.

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