Latest Posts
Home > Ask The Get Out of Debt Experts > American Express > Sharin and Lipshie Just Froze My Assets for My Business American Express

Sharin and Lipshie Just Froze My Assets for My Business American Express

“Dear Steve,

i recently had a business i shut down , real estate related, we had a american express card in the business , they just had a lawyer freeze assets in my personal bank account , and my account i share with my 95 year old father, the firm was sharin and lipshie, is there any thing i can do about this ? settle , pay in full, ? can i stop the freeze ? i saw they were doing bad business practices , and were being sued by cuomo

James”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear James,

You would need to talk to a lawyer licensed in your state for legal advice on this issue. but what I can tell you is that nearly ever single American Express business credit card application I’ve seen requires the person applying to personally guarantee the card. It’s one of those fine print things.

It sounds like if they seized your bank account that American Express successfully sued you over this debt. Had you not worked out any arrangements with them on this? Did they ever notify you about the suit?

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

Sharin and Lipshie Just Froze My Assets for My Business American Express
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Sharin and Lipshie Just Froze My Assets for My Business American Express by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.