administrative hold
Posted: Fri Sep 30, 2016 5:48 pm
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Hi Hale,
Thank you for your input. I did read Wells Fargo and I do warn my clients about them.
However, they are not pretending this is for the trustee or estate. They are admittedly attempting to hold the funds until they can get relief from stay.
I also warn my clients about unpredictable behavior by credit unions, but I was surprised by this move.
I think my best argument is that he was not in default at the time they froze it and the ipso fact clause is not valid. Thus, the elements giving rise to the right to set off are not present. Yet, I am still researching.
Thanks,
Christie Cronenweth
Law Offices of Christie Cronenweth
25202 Crenshaw Blvd., Suite 207
Torrance, CA 90505
310-257-4995 ph
310-257-4996 fx
cronenwethlaw@yahoo.com
www.cronenwethlaw.com
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Hi Hale,Thank you for your input. I did read Wells Fargo and I do warn my clients about them.However, they are not pretending this is for the trustee or estate. They are admittedly attempting to hold the funds until they can get relief from stay. I also warn my clients about unpredictable behavior by credit unions, but I was surprised by this move. I think my best argument is that he was not in default at the time they froze it and the ipso fact clause is not valid. Thus, the elements giving rise to the right to set off are not present. Yet, I am still researching. Thanks,Christie CronenwethLaw Offices of Christie Cronenweth25202 Crenshaw Blvd., Suite 207Torrance, CA 90505310-257-4995 ph 310-257-4996 fx cronenwethlaw@yahoo.comwww.cronenwethlaw.comConfidentiality The information contained in this email message is legally privilegedand confidential information intended only for the use of the individualor entity named. If the reader of this message is not the intended recipient,you are advised not to read the attachments and you are hereby notified that any dissemination, distribution or copy of this email is strictly prohibited. This email is an Attorney-Client communication, and an Attorney-Client work product.If you have received this email in error, please immediately notify us by telephone and delete the email. Thank you.The Law Offices of Christie Cronenweth is a debt relief agency engaged in the practice of aiding people to file for bankruptcy under the Bankruptcy Code.
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