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“I got an email from Chase saying that all our assets are frozen”

jonstokes.com

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Re: “I got an email from Chase saying that all our assets are frozen”

#21

Post by DannyBee »

ta75757 wrote: post #14
patmcc wrote: post #12

If you're wondering (like I was) why MA thinks this guy owes anything at all, it's buried in the middle: "Again, I hadn't lived there or worked there since 2003, but I did own part of a business that was headquartered in MA, and the state was using this fact to harass me for income tax money." So is the MA tax bill based on the profits of that business, or is the state just using it to say "you should pay all your in…

OP claims "they have not sued me or sent me any sort of court order" Edit: According to [0] they don't need to. They just send you a notice and if you don't respond in time they take what they want. It's not clear what constitutes responding or how to get the case into a court and out of an administrative process. I don't know about the out-of-state bank thing. [0] http://www.mass.gov/dor/businesses/help-and-resource…

This seems highly unlikely. I only spent one year of law school in MA, but i distinctly remember that any sort of prejudgment attachment required a court order.

Re: “I got an email from Chase saying that all our assets are frozen”

#22

Post by jacquesm »

jbhatab wrote: post #13
[deleted] wrote: post #6

Earlier quoted context omitted.

[deleted]

There is a huge difference between the skills necessary to safely hold your money and setting up HTTPS. I bet you that there are a lot of fraudulent banks that are very good with https, but aren't to be trusted.

Those skills are converging over time.

Re: “I got an email from Chase saying that all our assets are frozen”

#24

Post by ta75757 »

jackmaney wrote: post #23

Honestly, the older I get, the more tempted I am to attach a safe to a corner of my house, close my bank accounts, and just store cash in the safe.

That's what civil asset forfeiture is for. That's drug money you got there you see.

(Never mind that if word gets out you will get robbed.)

Re: “I got an email from Chase saying that all our assets are frozen”

#25

Post by ta75757 »

DannyBee wrote: post #21
ta75757 wrote: post #14

Earlier quoted context omitted.

OP claims "they have not sued me or sent me any sort of court order" Edit: According to [0] they don't need to. They just send you a notice and if you don't respond in time they take what they want. It's not clear what constitutes responding or how to get the case into a court and out of an administrative process. I don't know about the out-of-state bank thing. [0] http://www.mass.gov/dor/businesses/help-and-resource…

This seems highly unlikely. I only spent one year of law school in MA, but i distinctly remember that any sort of prejudgment attachment required a court order.

I'd believe that, I didn't do a thorough search. But the document that claims to describe Mass DOR collections doesn't cover it.

Re: “I got an email from Chase saying that all our assets are frozen”

#26

Post by colinbartlett »

ta75757 wrote: post #24
jackmaney wrote: post #23

Honestly, the older I get, the more tempted I am to attach a safe to a corner of my house, close my bank accounts, and just store cash in the safe.

That's what civil asset forfeiture is for. That's drug money you got there you see. (Never mind that if word gets out you will get robbed.)

United States of America v. A Medium-Sized Metal Safe Containing $86,320.00 USD.

Re: “I got an email from Chase saying that all our assets are frozen”

#27

Post by Dylan16807 »

patmcc wrote: post #12

If you're wondering (like I was) why MA thinks this guy owes anything at all, it's buried in the middle: "Again, I hadn't lived there or worked there since 2003, but I did own part of a business that was headquartered in MA, and the state was using this fact to harass me for income tax money." So is the MA tax bill based on the profits of that business, or is the state just using it to say "you should pay all your in…

Isn't the problem that there is no judgement? They just filled out a form saying they're owed money.

And your scenario doesn't fit here because the 'debt' is from after moving.

Re: “I got an email from Chase saying that all our assets are frozen”

#28

Post by mithrilskeleton »

ta75757 wrote: post #24
jackmaney wrote: post #23

Honestly, the older I get, the more tempted I am to attach a safe to a corner of my house, close my bank accounts, and just store cash in the safe.

That's what civil asset forfeiture is for. That's drug money you got there you see. (Never mind that if word gets out you will get robbed.)

that's what bitcoin is for. A cold wallet, encrypted and backed up in multiple places would solve that problem.

Re: “I got an email from Chase saying that all our assets are frozen”

#30

Post by santaclaus »

jld wrote: post #15
matteotom wrote: post #4

This gives me yet another good reason to keep BECU[1] as my only bank for any non-trivial amount of money... it can be a pain if I need an ATM, but I can at least trust that they will generally be on my side. [1] https://becu.org

Why do you believe BECU would be any better?

Presumably because BECU doesn't have a presence in Massachusetts and it would be harder for Mass. to get a levy on an out of state bank account? Op's tax lawyer in the article stated that "Chase Manhattan is not supposed to freeze an out-of-state account like this, and MA knows it. But MA does this because they know they can get away with it."
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