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#2236849 - 05/18/20 07:17 PM Debtor in Possession and Internet Bankingn
Jo Offline
Member
Joined: May 2009
Posts: 75
Can a Debtor in Possession in Massachusetts have access to that account via online banking?

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#2236853 - 05/18/20 07:24 PM Re: Debtor in Possession and Internet Bankingn Jo
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
What do you mean by access? Viewing access?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2236866 - 05/18/20 08:05 PM Re: Debtor in Possession and Internet Bankingn Jo
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Debtor in Possession means what it suggests -- The debtor has possession and control of the account (within the limits prescribed by the Court). That would include online access.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#2236871 - 05/18/20 08:29 PM Re: Debtor in Possession and Internet Bankingn Jo
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
John - I agree about access, i.e. viewing. But transfer capability is another thing. Debts have to be by check. Hence my question as to what does "on-line banking" actually mean.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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