52 posts shown.
Edward Evans7 said:They might be swapping, sure, but I highly doubt they’re going to sit there and watch their money vanish into some random foreign account just for the hell of it.
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Edward Evans7 said:No, because the account receiving the funds is based in Belgium.
So, the IRS wouldn't even have a paper trail for this; they wouldn't even realize the money ever passed through the US.
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Lawrence Cruz said:Wait, you mean this hasn't been sorted out since December 7th?!
If your account is frozen through the end of the year, the Treasury Department isn't actually involved here—you have to handle this directly with JPMorgan Chase. The teller at the branch doesn't have immediate access to the specifics regarding why your account was flagged or even the exact amount involved; she has to submit an inquiry first. So, if she starts quoting figures to you, honestly, just ignore it. Since she hasn't given you any updates in a month, my advice is to go straight to the branch manager. Don't leave until you get some real answers—if you're persistent, you can usually get that information within thirty minutes to an hour, though it can be a bit of a grind.
Lawrence Cruz said:That was my initial thought too, but reality works differently. I know someone locally who is technically in a deficit—meaning she has enough to cover part of the garnishment—but she still can't access anything.
I wouldn't say the banks just dumped it; rather, the creditors have backed the banks into a corner. The banks are legally obligated to follow orders. It's a mess right now because even though the banks froze the accounts through December 31st, the IRS took over on January 1st—everything is being transferred mid-stream and it's incredibly disorganized.
It's classic American legislation—regulations passed today that go into effect tomorrow, leaving everyone scrambling without a plan. And who ends up paying for the confusion? The average citizen. 👎
darkmaker94 said:What happens if someone is already dealing with an administrative garnishment where a third of their paycheck is being diverted directly at their company's payroll office? In that scenario, the rest of the money hits their bank account, and neither the banks nor FIFA have any clue that the initial third was already taken. Is it actually possible to slap another garnishment on that remaining balance?
darkmaker94 said:You need to hit up the IRS to let them know you’ve got regular deposits hitting a frozen account—specifically the 2/3 portion that's legally protected from garnishment. Once they process that, they should notify your bank, and then your bank can set up a "protected" account where your untouchable paychecks will land.
Now, here’s how it actually plays out in the real world... 🤷
Looks like this is the form you need.
fadedlynx6 said:Does anyone actually know what FIFA is up to lately? I was scrolling through TX yesterday and saw they’ve frozen 162,000 citizen accounts... does anyone have any idea what's actually going on here?
I mean, what can a person even do when FIFA freezes their account? They aren't supposed to be able to seize more than a third... right?😕
I'm reading online that people's accounts are totally locked up and they can't even access their basic paychecks. Is that even legal?
darkmaker94 said:Section 149 of the Enforcement Act
(1) Wage garnishments—including salary, sick pay, part-time adjustments, or disability benefits—can be taken up to one-half of the total amount when collecting court-ordered child support, alimony, or damages related to health issues and loss of earning capacity due to death. For any other type of debt, the garnishment is capped at one-third of the paycheck or pension.
Basically, that second category covers things like utility bills, credit card debt, and loans...
That means they aren't allowed to take more than that. Even though banks have been pulling this off pretty consistently until now.
Take Angela Merkel, for example; she also has a "protected" account where her salary gets deposited. 😁
Lawrence Cruz said:I think this is how it works:
They can't garnish more than one-third of your paycheck—though that usually refers to administrative freezes and similar stuff (even then, garnishments and levies often end up hitting the full amount regardless of that one-third rule). Once the money actually hits the account, though, it’s considered liquid assets and can be seized in its entirety.
From what I gather, FIFA won't pull funds if someone is just using an authorized overdraft—since that isn't technically "property"—but they will take everything in the positive balance, leaving the account frozen until the debt is fully settled.
Jonathan Ward59 said:Honestly, I feel like I'm wasting my breath answering these questions
I'm typing this out now, but consider this my last word on the matter
Vilenica—look, if you don't find me convincing, don't expect me to sit here and lay out every single detail for you publicly
Just forget about it
When it comes to foreign mortgage loans, any sane person would realize a mortgage is required—it's obvious how the bank secures itself
The fee is 6%
Interest is at 7%—and why I chose that specific loan is my business, period
If you can walk into a bank here in the States and snag a lower rate with a longer term, then go ahead and stop interrogating me about my choices
As for income, you don't actually need to be working in that country; all the paperwork gets notarized by our local notary, and all the contracts are drafted by our lawyers—just like any other loan, everything is perfectly legal
It’s common sense that you can't just stroll into some random bank overseas and demand a loan
You won't get it—which is exactly why I told you there are brokers involved who act as the bridge to the bank
If you think this whole thing is some kind of scam, then why are you even asking these questions in the first place?
Go solve your problems here in America with a better rate and a longer term instead