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What will the status of the judicial freeze card show?
The reasons for judicial freezing of bank cards are: abnormal transactions of credit cards, such as day trading or suspected cashing, information fraud, etc. The bank card was wrongly frozen, which means that the bank mistakenly transferred the money to the customer's account during the transaction.
What will happen if the bank card judicial freeze is not handled?
Article 242nd of the Civil Procedure Law: If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other properties of the person subjected to execution. The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform. When the people's court decides to seal up, freeze, transfer or change the price of property, it shall make a ruling and issue a notice of assistance in execution, which the relevant units must handle.
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