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Tag : Wells Fargo

Ninth Circuit Appellate Panel Overturns the BAP; Approves Wells Fargo Freeze Policy

Automatic Stay, Bankruptcy Law Overview, Chapter 7, Exemptions

We 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 7

 Back 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 […]

Keep Your Holiday Spending Down If You’re Planning on a New Year Bankruptcy

Chapter 7

For those of you waiting until after the Holidays to file your bankruptcy case, heed my advice.  Here are my tips and pitfalls to avoid now, if you’re planning a New Year fresh start.  Don’t spend more than $500.00 on any one occasion, unless it’s necessary for the maintenance and support of your household.  Car […]

Wells Fargo Won’t Stop Freezing Bank Accounts

Automatic Stay, Bankruptcy Law Overview, Chapter 7, Exemptions

Many 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 […]

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