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Bank says "Refer to Maker" on presented checks

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What is the name of your state?What is the name of your state?California


Does anyone know what recourse I may have when a Bank returns a check with "Refer to Maker" stamped on it. The check was deposited on a Thursday and returned stamped "Refer to Maker" on that Monday. The company who wrote the check officially filed for Bankruptcy on the following day, Tuesday.

Here are my questions:

1) Did the bank stamp the check "Refer to Maker" because of their personal knowledge of the pending Bankruptcy in order to protect their own interests as a creditor?

2) Can they be held liable for not honoring the check if the account is shown to have had the funds?

3) Can I get this money excluded from the Bankruptcy and collect from the Company who wrote it?

It's not small change, we're talking about $150,000, so any direction would be helpful.

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