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Old 04-07-2008, 06:59 AM
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Can the bank take your money during bankruptcy period without legal process?

One of my friends filed for Chapter 7 bankruptcy. Two weeks after he filed, he decided to open a checking account at Bank of America with $900.00 for future attorney expense. Two days after the account opened, all the money was gone and it was taken out by Bank of America without any notice. Bank of America is one of the creditors on the Bankruptcy filing paper. Bank of America took his money without going through the legal process or court order and they took laws into its own hands. The question is can the bank take your money during bankruptcy period without legal process? And can he sue them for stealing his money without legal process. If the bank can take anyone's money anytime without legal process, is that mean everyone's money in the bank are not safe anymore? Maybe it's time to put my money under my mattress.
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