Real estate blog entries tagged with car repossession by Louis Esbin (Law Offices of Louis J. Esbin)

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Home : Blogs : Louis Esbin : Louis Esbin's Blog : Tag "car repossession"

car repossession: Beware of Bank Set Offs and Credit Union Seizures - 10/15/09 12:52 AM

Here are Three Facts Every Client Must Know:
1. If you bank where they borrow, the bank will seize funds as a set off, even if you file bankruptcy.
2. When a Bankruptcy Case is filed, certain banks, such as Wells Fargo and Union, will freeze accounts as a custodian of the account. They will not release funds, even though checks may bounce, until further ordered by the court or they receive a No Asset Report from a Trustee.
3. Now, credit unions seem to be getting very aggressive about "popping" cars when members fall into default on credit cards and … (2 comments)

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Louis Esbin

Santa Clarita, CA

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Law Offices of Louis J. Esbin

Address: 25129 The Old Road, Suite 114, Stevenson Ranch, CA, 91381-2273

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