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Home CHAPTER 5 - Creditors, the Debtor and the Estate Subchapter III - The Estate 542 542

542

Seventh Circuit Solidifies a Circuit Split on the Automatic Stay

Disagreeing with the Tenth and D.C. Circuits and siding with four other circuits, the Seventh Circuit rules that passively holding estate property violates the automatic stay.
Court: 
7th Circuit

Freezing a Chapter 7 Debtor’s Bank Account Doesn’t Violate the Automatic Stay

SDNY opinion seems to mean that a bank may freeze a debtor’s entire bank account at filing, without violating the automatic stay.
Court: 
2nd Circuit›New York›New York Southern District

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