Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
The bank should not release the money in your account if there's an issue about exemption. You should make sure your bank knows that you're claiming the funds as exempt as well - this would be enough to hold things up until you can get the issues squared away.
Again, the money should not be allowed to go anywhere by the bank until it gets clearance from a court or other authority.
If the money is transferred, and your exemptions are valid - which they should be - the money would have to be returned, but you may have to file suit to make this happen.