Ninth Circuit Appellate Panel Overturns the BAP; Approves Wells Fargo Freeze Policy
Automatic Stay, Bankruptcy Law Overview, Chapter 7, ExemptionsWe have been following the Mwangi case since 2010 when we first heard of Wells Fargo placing a “temporary administrative pledge,” known as a “freeze” on a debtor’s bank account after it discovered that they had filed bankruptcy. You can read the first article here and the follow up article here. Facts After filing for […]
Wells Fargo is Still Freezing Bank Accounts!
Automatic Stay, Bankruptcy Law Overview, Chapter 13, Chapter 7Back in July, 2010 I reported on the 9th circuit case of Mwangi v. Wells Fargo Bank, N.A., “Wells Fargo Won’t Stop Freezing Bank Accounts.” Our local group of attorneys here in the Central District of California have it on good word from sources inside Wells Fargo’s bankruptcy department that the bank continues to freeze accounts […]
Wells Fargo Won’t Stop Freezing Bank Accounts
Automatic Stay, Bankruptcy Law Overview, Chapter 7, ExemptionsMany a Creditor has driven us bankruptcy lawyers and our clients nuts with their antics, but freezing a client’s bank account after their case has been filed takes the cake. The Ninth Circuit BAP just released In re Mwangi Case No. 09-1408 (9th Cir.B.A.P., June 30, 2010), which held that Wells Fargo’s national policy of […]
