- 11 U.S.C.
In re Phillips
Oct
05
2010
Ruling
Bank did not violate stay by freezing debtors' accounts upon learning of bankruptcy.
Procedural posture
Debtors filed a petition under Chapter 7 of the Bankruptcy Code and asked the court to impose sanctions on a bank, pursuant to 11 U.S.C.S. § 362, because it placed an administrative hold on funds that had in two checking accounts. The bank opposed the debtors' motion.
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Court
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