[CLBS] Do all credit unions close bank accounts after filing BK?

[Holly Roark]

Wells Fargo has frozen accounts in CH 7s when the funds in the account were
over $5K, but in 12 years of practice, I've never had an account just be
closed. I had heard it has happened (just not to me!), but now I need to
warn everyone with a credit union to open new accounts before we file.
Miracle of miracles, we got ICCU to temporarily reopen the account so the
debtor can obtain child support funds (thanks Ryan for the contact at ICCU!)



Best regards,
HOLLY ROARK
Attorney at Law 
Certified Bankruptcy Specialist -
By the State Bar of California Board of Legal Specialization

ROARK LAW OFFICES
950 Bannock Street | Suite 1100 | Boise, Idaho 83702
Phone:  (208) 536-3638
Fax: (310) 553-2601
E-mail:  holly at roarklawboise.com Website: www.roarklawboise.com

*This communication does not create an attorney-client relationship.
Unless you have signed a retainer agreement with Roark Law Offices, this 
communication may not be private or privileged.


-----Original Message-----
From: D. Blair Clark [mailto:dbc at dbclarklaw.com] 
Sent: Tuesday, October 4, 2016 7:05 PM
To: holly at roarklawboise.com; clbs at admws.idaho.gov
Subject: RE: [CLBS] Do all credit unions close bank accounts after filing
BK?

Wells Fargo does it too.  I haven't had this problem with any banks except
Wells; wasn't aware that ICCU did it.  

D. Blair Clark
LAW OFFICES OF D. BLAIR CLARK PC
1513 Tyrell Lane, Suite 130
Boise, ID 83706
Phone:  208-475-2050
Fax:  208-475-2055


-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of Holly Roark
Sent: Tuesday, October 4, 2016 6:37 PM
To: clbs at admws.idaho.gov
Subject: [CLBS] Do all credit unions close bank accounts after filing BK?

My CH 13 client is freaking out about her ICCU account being abruptly
closed. I would have advised opening a non-CU account if I had known for
sure that would happen, but it doesn't always happen. Client's child support
is deposited into that account. What do we do if the child support is in
transit and she needs that money ASAP?

 

Best regards,

HOLLY ROARK

Attorney at Law 

Certified Bankruptcy Specialist -

By the State Bar of California Board of Legal Specialization

 

ROARK LAW OFFICES

950 Bannock Street | Suite 1100 | Boise, Idaho 83702

Phone:  (208) 536-3638

Fax: (310) 553-2601

E-mail:   <mailto:holly at roarklawboise.com> holly at roarklawboise.com Website:
<http://www.roarklawboise.com/> www.roarklawboise.com

 

*This communication does not create an attorney-client relationship.

Unless you have signed a retainer agreement with Roark Law Offices, this 

communication may not be private or privileged.

 

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