Central District Consumer Bankruptcy Attorney's Association

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Reply-To: Craig J Beauchamp
X-Original-Return-Path: Craig J Beauchamp
To: cdcbaa@yahoogroups.com
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Contact your Ch 7 Trustee, they are usually pretty prompt and good about
sending a letter to release the account. They're used to doing that with
WF.
Good luck.
Craig
On Aug 13, 2015 6:53 PM, "sam@southbaybk.com [cdcbaa]" wrote:
>
>
> In an apparent tip of the hat to Well's Fargo, and taking them one better,
> my chapter 7 client was just advised that Union Bank has frozen her account
> ($363 balance) and her joint account with her son account ($456 balance)
> until the bankruptcy is discharged and closed. The sole reason given is the
> filing of a chapter 7 bankruptcy. The client does not even owe Union Bank
> any money. Anyone else have this experience? Why in the world would a bank
> behave this way - creating unnecessary paperwork for themselves and a
> hardship for the Debtor?
>
>
Contact your Ch 7 Trustee, they are usually pretty prompt and good about sending a letter to release the account. They're used to doing that with WF.
Good luck.
Craig
On Aug 13, 2015 6:53 PM, "cdcbaa@yahoogroups.com> wrote:
In an apparent tip of the hat to Well's Fargo, and taking them one better, my chapter 7 client was just advised that Union Bank has frozen her account ($363 balance) and hercy is discharged and closed. The sole reason given is the filing of a chapter 7 bankruptcy. The client does not even owe Union Bank any money. Anyone else have this experience? Why in the world would a bank behave this way -r the Debtor?

The post was migrated from Yahoo.

Wells Fargo and Union Bank are the two institutions that have for years
commonly frozen Chapter 7 debtors' accounts simply because a Chapter 7 isfiled. They do this out of fear of liability for allowing an asset of thebankruptcy estate to be dissipated. To say the least their policy is overly
cautious, if not paranoid.
Mark T. Jessee
Law Offices of Mark T. Jessee
"A Debt Relief Agency"
50 W. Hillcrest Drive, Suite 200
Thousand Oaks, CA 91360
(805) 497-5868 (805) 497-5864 (Facsimile)
In a message dated 8/13/2015 3:53:37 P.M. Pacific Daylight Time,
cdcbaa@yahoogroups.com writes:
In an apparent tip of the hat to Well's Fargo, and taking them one better,my chapter 7 client was just advised that Union Bank has frozen her
account ($363 balance) and her joint account with her son account ($456 balance)
until the bankruptcy is discharged and closed. The sole reason given is
the filing of a chapter 7 bankruptcy. The client does not even owe Union Bank
any money. Anyone else have this experience? Why in the world would a bankbehave this way - creating unnecessary paperwork for themselves and a
hardship for the Debtor?
Wells Fargo and Union Bank are the two institutions that have for
years commonly frozen Chapter 7 debtors' accounts simply because a Chapter
7 is filed. They do this out of fear of liability for allowing an asset of
the bankruptcy estate to be dissipated. To say the
least their policy is overly cautious, if not paranoid.

Mark T.
JesseeLaw Offices of Mark T. Jessee"A Debt Relief Agency"50 W.Hillcrest Drive, Suite 200Thousand Oaks, CA 91360(805) 497-5868 (805)
497-5864 (Facsimile)

In a message dated 8/13/2015 3:53:37 P.M. Pacific Daylight Time,
cdcbaa@yahoogroups.com writes:



In an apparent tip of the hat to Well's Fargo, and taking them one
better, my chapter 7 client was just advised that Union Bank has frozen her
account ($363 balance) and her joint account with her son account ($456
balance) until the bankruptcy is discharged and closed. The sole reason given
is the filing of a chapter 7 bankruptcy. The client does not even owe Union
Bank any money. Anyone else have this experience? Why in the world would a
bank behave this way - creating unnecessary paperwork for
themselves and a hardship for the Debtor?

The post was migrated from Yahoo.