Legal Question in Banking Law in New Jersey

A bank intercepted money in a checking account on a closed account as a result of a short sale. Is that something that can be done and is it legal?

Curtis


Asked on 8/21/13, 10:06 am

2 Answers from Attorneys

Robert Davies The Davies Law Firm, P.A.

I would need more detail to be able to analyze this.

let me know if you want me to assist, no charge for the phone call.

Robert Davies, Attorney

201 820 3460

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Answered on 8/21/13, 10:15 am

Curtis,

It is impossible to answer this question without review of the specific facts. Generally speaking a bank would need to have a court order / judgment to "intercept" funds. If this is a significant amount of money to you, then my office can conduct a limited review of what has taken place and suggest on the relevant courses of action at little cost.

We have a special offer for LawGuru clients where we can conduct a limited review of the matter at $99 an hour. The review of this issue should take about about 3 hours. To take advantage of this limited offer please go to:

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Answered on 8/21/13, 10:15 am


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