Some things you might want to consider:
What do you mean by time freezing? It would only be able to freeze from an outside perspective, as everything that is affected by time freezing has itself frozen and is thus unable to observe anything after the point of freezing. Similarly, if all time were frozen, then how would nature, an intrinsically time-dependent entity, be able to do anything at all, much less restart time?
Then we come to the question of how anything would be able to observe the frozen time. QM teaches us that observation requires interaction with the object being observed, but if said object is frozen in time, then how can it interact with anything?
Also, "freezing time" would only be possible in a single reference frame, since Special Relativity teaches us that simultaneity is not a well-defined concept when one passes through reference frames, so if one person sees object A and object B being frozen at the same time (which I assume would be the case), another person in another reference frame would see the freezing of A and the freezing of B happening at different times.
In terms of personal timelines, perhaps they are possible (although I fail to see why anything above a single particle in size would continue on as a unit), but anything with a personal timeline would die instantly, as life requires constant interaction with the outside world, which, as postulated, is frozen and thus unable to interact.
As for the grandfather paradox, I direct you to
here.