Old Bank Debt

[moonie]

In 1999 my ex husband and I had a house repossessed by the bank. The house was then sold by the bank to someone else. My ex husband and I have since had checking accts at the bank both together and separately. I started a bank acct 2 months ago at the same bank. Yesterday I went to draw some money from my acct and was told that it had been closed and the money had been applied to the charged off loan, which they said was from 2001. They took $1775.oo from my acct and left me with nothing. I had not been informed before this happened. I received a letter yesterday, 3-20-08, just stating that they had taken that amount. I had written checks on my acct which was in good standing and now those checks are being sent back for insufficient funds. This puts be in a very bad finnancial position. I dont have the money to pay the checks off and the fees that have now accrued with them. Is there anything I can do about this? Is there a statue of limitations on this? Was it legal for them to just take my money? Shouldnt I have at least been informed so that I wouldnt write checks? Please let me know what I can do about this.

[olive]

See debts and judgments: http://www.worldlawdirect.com/article.php?id=1758


was it the same bank? if so your account agreement often allows them to offset any debts to them from your account/

Yes it was the same bank. It has just been so many years ago and I've had an account there before and it wasnt touched. I would also have thought they would have had to notify me before taking the money so I wouldnt write checks on the acct.