Citizens Bank of Md. v. Strumpf

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the breach of a promise to disburse funds, without a physical taking or possession, does not violate § 362(a)(3)
• holding that bank’s temporary administrative freeze did not constitute a offset and did not violate the automatic stay
• recognizing that § 553(a) of the Bankruptcy Code creates no federal right, but preserves “whatever right of setoff otherwise exists”
• holding that bank’s placing an administrative hold on a bankruptcy debtor’s account did not violate sections 362(a)(3) or 362(a)(6
• holding that the right of setoff “allows entities that owe each other money to apply their mutual debts against each other, thereby avoiding ‘the absurdity of making A pay B when B owes A’.”
• holding a pre-petition administrative freeze on a bank account does not constitute a violation of stay

Source: CourtListener parenthetical corpus (CC0).