A new case was reported in the bankruptcy world from California. The federal ninth circuit court of appeals has upheld the long-standing practice of Wells Fargo Bank Bank to freeze the bank accounts of customers who file for bankruptcy protection, whether or not any money must be handed over to a bankruptcy trustee.
In the case decided August 26, 2014, Njau v. Wells Fargo Bank, the Ninth Circuit blessed the approach of Wells Fargo Bank, which takes the position that immediately on the filing bankruptcy by one of its customers, make accounts of that customer immediately frozen pending notification from the bankruptcy trustee that the account is exempt and the debtor may resume using the funds.
As you might imagine, this awful practice creates havoc with the day to day living of clients who have bank accounts with Wells Fargo. Without warning their access to purchase the basics of life are cut off.
The filing of a bankruptcy requires the guidance of an experienced bankruptcy attorney to navigate such concerns.
The experienced bankruptcy attorneys at Amori & Associates would be happy to discuss your situation with you. Please call (570) 421-1406 for a no obligation consultation.