How can we let everyone know about these freezing accts upon bankruptcy filings.
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chpt 7 ,5-2009 -
They don't freezing your accounts.Originally posted by Floridagail View PostChapter 7 07/30/2008
341 09/17/2008
Discharge 11/21/2008 -
They did not freeze ours. File a Chapter 7 3/11 and 341 was 4/24 I think anyway.
I have heard something about it's their policy to do this to preserve assets for the Trustee or something like that.
I don't know if it's a rumor or not. I would not make a positive statement about it today on the internet unless you know for a fact they are doing this. Too many are getting sued nowadays.
We filed and had our 341 and WF has not touched our accounts.
That's a good thing for the bank manager!
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I found this on internet. It sounds like a new policy with banks. http://bklaw.com/bankruptcy-blog/200...counts-freeze/chpt 7 ,5-2009Comment
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I will say again that my position is that unless the Trustee notifies the bank on behalf of the court that any bank that does this is in violation of the law.Comment
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O joy and Wells Fargo just took over my bank.
I was planning on leaving anyways, I run as fast and far from Wells Fargo as possible. Seen them screw far to many people I know, same with BOFA.3/2/09- Filed: chapter 7 / No asset
4/1/09- 341 Hearing: 1 creditor showed up
Got to love family feuds
4/2/09- Trustee Report of No Distribution Filed
6/24/09- Discharged and case closed
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Egads! And Wells Fargo is a bank I just opened up a new checking account with because I have no current relationship with them. This is probably a good reason no leave next to zero $$ in your account the day of filing.Comment
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You might be correct, but it is happening. There is a thread about it here.Originally posted by kenshirley View Post
Ouch, I will be getting away from them as soon as I can.Comment
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My attny (40 years experience) and one of the state trustees here in FL said there is no way WF can do this if you dont owe them money. Of course, they still might try, but they're not supposed to.
i am filing later this month, so i'll let you know what happens as i bank with Wachovia (now WF)Comment
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diebroccoli, you might be ok - as I understand it WF and Wachovia's banking systems are not yet merged. Good Luck.
Filed CH 7 9/30/2008
Discharged Jan 5, 2009! Closed Jan 18, 2009
I am not an attorney. None of my advice is legal advice in any way..Comment
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Are you telling me that I am an isolated case? I am telling you that I am with WF and had not problems when I filed and through my 341 meeting.Originally posted by SCorpPain View PostYou might be correct, but it is happening. There is a thread about it here.
Ouch, I will be getting away from them as soon as I can.
I must think that someone is confusing what happened to them due to cross collateralization or some other debt or agreement they had with the bank.
Short of a court order, policy of any bank does not make law, period.Comment
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No, I did not say any such thing. I am only saying that there are instances where it is happening. It did not happen to you, but it did happen to the guy in the other thread. Check that thread again, someone posted a speculation about a dollar amount, that they freeze accounts with more than 5K, but not those with less. Maybe it is a state by state thing or maybe they treat employees differently.Originally posted by kenshirley View Post
I don't know what is going on, but my accounts are with WF and I will close them before filing.Comment
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Please look at my latest post in this thread http://www.bkforum.com/showthread.php?t=38571 for clarification on the 5000.00 amount referenced earlier.
It is from a NY case.
Here is the source for those who are interested.
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Thanks for the information. It seems more banks have been guilty of this than these
2. I hope lawsuits prevail and stop this practice.chpt 7 ,5-2009Comment
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