Posted on: 12th Jun, 2012 01:45 am
We're about to file for bankruptcy in this week. I've read that Wells Fargo froze checking accounts the day after the concerned person files bankruptcy. I'm a bit freaked out by this. Can anyone say from more recent experience if this is still happening? And how long does the freeze last? Thanks!
Hi Miz!
Welcome to forums!
Well, though I haven't had any personal experiences, I have heard people going through such experiences. You can take out your money from the account before you file bankruptcy.
If Wells Fargo freezes your account when you are filing a Chapter 7, then you will not get a dime until your attorney lets the bank know that it is violating your rights, or the Trustee authorizes the release. These options may take months to complete.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Well, though I haven't had any personal experiences, I have heard people going through such experiences. You can take out your money from the account before you file bankruptcy.
If Wells Fargo freezes your account when you are filing a Chapter 7, then you will not get a dime until your attorney lets the bank know that it is violating your rights, or the Trustee authorizes the release. These options may take months to complete.
Feel free to ask if you've further queries.
Sussane
Welcome Miz,
If the accounts are closed/freezed, then you will have to get special order from court in order to reverse that. Unless that is done, you won't be able to claim your money.
If the accounts are closed/freezed, then you will have to get special order from court in order to reverse that. Unless that is done, you won't be able to claim your money.