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August 2013 Archives

Bankruptcy and Wells Fargo


Each night, as we sleep, Wells Fargo combs the Federal electronic database of all new bankruptcy filings from the day before.  When the bank finds that its customer has filed Chapter 7 bankruptcy, Wells Fargo will note the client as being in "bankruptcy status" and freeze the clients checking and savings accounts, thus denying the depositor access to his money.  The bank then notifies its client and the Chapter 7 Trustee, and awaits direction from the Trustee to release the hold on the account(s).

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Yesner Law
13135 W. Linebaugh Ave., Suite 102
Tampa, FL 33626

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