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Can a bank legally keep me from withdrawing the money in my savings because of money that I owe for a repossession?

Question Details: About 6 years ago I got a loan to buy a 5 wheeler that my wife and I lived in for a while. Then 3 years ago we moved and my parent's friend took it and was making the payments on. However, about 6 months ago he stopped paying and it was repossessed. Now because of the money owed, the bank will not let me take out the money that is still in my savings account. Is that something they can legally do?

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