Bankruptcy: Why Was Citizens Bank v. Strumpf Such An Easy Win For The Bank?
When David Strumpf filed bankruptcy in January 1991 he probably thought that his bank account was safe. The automatic stay of Bankruptcy Code Section 362 protects debtors from their creditors, so he (and his lawyer) probably thought there was nothing to worry about from his bank. Although he owed the bank over $5,000, and was […]
