According to the law, if the application executor applies for an extension of the time limit, the people's court shall go through the formalities of continuing to seal up, detain and freeze before the expiration of the time limit for sealing up, detaining and freezing, and the time limit for continuing to seal up, detain and freeze shall not exceed half of the time limit specified in the preceding paragraph. If the time limit for sealing up, distraining and freezing expires and the people's court fails to go through the extension formalities, the effectiveness of sealing up, distraining and freezing shall be extinguished. If the seized, detained or frozen property has been auctioned, sold or paid off, the effectiveness of the seizure, detention and freezing shall be extinguished. Generally speaking, bank accounts frozen by the court will be automatically unfrozen within six months. Of course, if the six-month period expires, the court may apply to continue the seizure and may extend it. In addition, if the court freezes the bank account, it should also inform the person whose property is frozen in time, otherwise, if there is any loss, it can ask the court for some compensation.
Legal basis: Article 243rd of the Procedures for Handling Criminal Cases by Public Security Organs.
The time limit for freezing deposits, remittances, securities trading settlement funds, futures deposits and other property is six months. The maximum period of each freeze shall not exceed six months.
For major and complicated cases, with the approval of the person in charge of the public security organ at or above the municipal level, the time limit for freezing deposits, remittances, securities trading settlement funds, futures deposits and other property can be one year. The maximum period of each freeze shall not exceed one year.
Article 246
For frozen bonds, stocks, fund shares and other properties, the parties concerned or their legal representatives or entrusted agents shall be informed of the right to apply for the sale.
The obligee's written application to sell frozen bonds, stocks, fund shares and other properties does not harm the interests of the state, victims and other obligees, and does not affect the normal progress of litigation. If the validity of frozen bills of exchange, promissory notes and checks is about to expire, they can be sold or sold according to law with the approval of the person in charge of the public security organ at or above the county level, and the proceeds will continue to be frozen in their corresponding bank accounts; If there is no corresponding bank account, the proceeds shall be deposited in a special account designated by the public security organ in the bank, and the parties concerned or their close relatives shall be informed in time.