I opened a business checking account can the bank offset the account?

[ammi]

i have a business bank account and the bank took all of the money out of the account because i owe them money from a previous business account. limited liability means that my business is separate from me personally by the Georgia law.
could the bank do that ?
also i am in bankruptcy me not my company i am protected by the bankruptcy law and my business is a limited liability company that is protected by the Georgia law so could i file a suit against them. I have made no transactions on this new account it is just open 3days ago and the next day the bank took my deposit for a old dept that was a business account that is no longer in business.

[demarco]

You are mistaken. The bank has excercised its right of set-off. This was in the agreement when you opened the bank account.