Legal Question in Credit and Debt Law in New York

my bank took my money out of my checking without any notification when i called t inquire about the money they said that it was for payment toward a charged off account from 2006 i mentioned that i did not receive any thing in writing about this and that i was willing to make payment arrangements if i can get some information about the debt in the mail they then told me they were not obligated to make any arrangements with me or give me anything in writing and that they had the right to take the money as per the contact i signed when i opened my checking account i just want to know if this is legal and if they have the right to do something like this without notifying me


Asked on 5/03/10, 4:21 pm

1 Answer from Attorneys
Stephen Starr Starr & Starr, PLLC

This is the topic of "bank's right of setoff" that we have address in prior post on our Blog. See

http://www.newyorkbankruptcylawyerblog.com/2009/04/bank_right_of_setoff_in_new_yo.html

The foregoing is intended as general information of interest to readers of this website and is not intended as legal advice for your situation. You should consult with an attorney regarding your situation.

Best regards,

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Answered on 5/09/10, 9:37 am


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