What happens if a bank account is garnished for an amount more than the available balance? April 22, 2010
Posted by Banking in : Personal Finance , 5comments
My friend just got his account garnished today by american express for $19,800. He only had $400 in the account. Now is HSBC bank account balance is (NEGATIVE) $19,400. Does that mean American Express got there money and he owes HSBC? Bank?
By: tkessandoh
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By: tkessandoh
About the Author: