WASHINGTON - The Supreme Court heard arguments Tuesday in a case that will determine whether banks may freeze a bankrupt borrower's accounts.

In the case, Citizens Bank of Maryland's lawyers claimed that bankruptcy laws cannot prevent a bank from freezing the accounts of a customer who has defaulted on a loan.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.