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Hello. Recently my bankbook was attached.. I would like to release the bankbook attachment, but I do not know how, so I am asking this question.. I would also like to know what I need to do to use my bankbook again and what the procedure and necessary documents are. Could you tell me how to release a bankbook attachment? Thank you.
how to release a bankbook attachment
Answer
Published:
Author : ChanWoo JEONG
The first step in releasing a bankbook attachment is to confirm the cause of the attachment.
You must accurately ascertain the grounds for the attachment, such as default on a debt or failure to comply with a judgment, in order to properly proceed with the subsequent procedures.
Next, if you resolve the matter by repaying the debt or reaching a settlement with the creditor, you can apply to the court to release the bankbook attachment.
If there is any illegality in the attachment procedure, you can raise an objection to the execution, and through a consultation with an attorney, it is also possible to file an objection with the court or to seek additional legal measures.
The process of releasing a bankbook attachment begins with the court's review of the documents, and once a release notice is sent to the bank, which is the garnishee, the bank releases the bankbook, after which the borrower can use the bankbook again.
It can take from a week to several weeks to complete the release of a bankbook attachment.
In addition, where a lender has attached the other party's bankbook and wishes to release it, if there is no balance in the other party's bankbook, filing an application for the return of the title of execution together with the application to release the bankbook attachment causes the title of execution to be returned to the lender, who can then attach another bankbook.
The required documents include an application to release the bankbook attachment, the attached form, the decision on the bankbook attachment, and a certificate of corporate registration matters.
For details related to how to release a bankbook attachment, we recommend confirming through a consultation with an attorney specializing in debt collection.
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