The Restraining Notice Trap: A Warner & Scheuerman Guide to Why Banks and Brokerages Don’t Always Honor a CPLR 5222 Notice and What to Do About It
A judgment creditor's attorney drops a CPLR 5222 restraining notice in the certified mail slot to a major bank on Tuesday. By the following Monday, the debtor's account has been emptied, $180,000 wired to a payee in another state, and the account closed. The bank's compliance department later confirms the...








