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Expert Analysis

Ch. 7 Ruling Protects Banks From Debtor-Account Dilemma

By Steven Wilamowsky and Bryan Jacobson ( May 3, 2019, 2:55 PM EDT) -- On April 25, 2019, the U.S. District Court for the Southern District of New York reversed a bankruptcy court's finding that a bank's imposition of a freeze on a married couple's bank account upon the filing of their Chapter 7 bankruptcy petition, pending instructions from the Chapter 7 trustee, violated the automatic stay.[1] ...

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