Yeah, that last point is a constant fear for me. I don't have a lot of money, but it would be highly damaging if they decided to make good on their court ruling that says they can take my money.

Worse still is that when I went to the bank to ask if they would limit it to the amount of money that I have rather than letting them overdraft my account, they didn't give me a clear answer, so for all I know, the debt collectors can essentially transfer the debt to the bank where I would be unable to close the account and would start accruing overdraft fees, which would then eventually get put back into collections.

Again, this hasn't happened, but the bank won't tell me whether or not this is possible, saying merely "it depends on the court order".