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Do you close your checking account when you are filing bankruptcy on online payday loan companies that debit your account?
Wiki User
∙ 13y ago
Closing your account is the only way to ensure they won't take any more money. Many payday lenders are bottom feeders who don't abide by the laws anyway. Just because you file bankruptcy doesn't necessarily mean they will stop trying to take money out of your account. Secondly, find out if payday loans are legal in your state. Some states have made them illegal. It may not be necessary to file bankruptcy if payday loans are your only issue. A bankruptcy attorney should give you a free consultation. Your state attorney general or financial regulator could give you more info on payday loans in your state.
Wiki User
∙ 13y ago
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Can you keep your checking account when you file for bankruptcy?
Can u keep your checking account after filing chapter 13?
Do they close your current bank account when filing for bankruptcy?
No they do not close your Checking or Savings account
If your daughter's name is on your checking account and she is filing bankruptcy will your checking account be involved in any way?
It is likely the account will have to be partitioned; meaning the parties will need to show proof to the BK trustee of the amount of funds belonging to each account holder.
Does filing bankruptcy have an effect on your credit union checking account?
The effect it would have depends on the amount in the account and the exemption status. Regardless it would be considered an asset and would be included in the BK.
Can you open a checking account before bankruptcy?
After declaring bankruptcy it is smart to wait six months before obtaining a new account. If a trustee finds that you have XXXX amount of dollars in bank B after closing an account at bank A it will look as if you tried to defraud the bankruptcy law. For chapter 7 wait until discharge for chapter 13 as long as you are making timely payments it doesn't matter.
Can a creditor add an account to your bankruptcy when the account was opened after filing and you didn't include it yourself?
No, debts acquired after the filing cannot be included in the BK petition.
If someone files for bankruptcy can the Credit Card company take money out of your checking account to try and retrieve some of the debt after they were informed you were filing bankruptcy?
No, once a bankruptcy is filed an automatic "stay" is in place, and creditors cannot pursue any collection action. Even outside of bankruptcy, a creditor cannot arbitrarily garnish a debtor's bank account. The creditor needs to file and win a lawsuit, be granted a judgment and then enforce the judgment as a bank account garnishment.
What if you forgot to include a checking account information on your bankruptcy case?
"Forgot"? The forms or your lawyer asked for all bank or other financial accounts. If the balance in your account was close to zero at the time of filing, you may not need to worry, but if there was a significant balance, you should amend your Schedule B to include it. Check with your lawyer or get a bankruptcy lawyer.
Is Indalex filing bankruptcy?
indalex and it's 4 holding companies have filed for chapter 11 bankruptcy protection in us court in Delaware
Does filing for bankruptcy re-age delinquent accounts included in?
"Included in" bankruptcy? No. It stops any interest or penalties on unsecured debts. If the bankruptcy fails, the accrued interest or penalties will be added to the account, and the statute of limitations starts ticking from where it was on the date of filing.
When can you open a bank account after being declared bankrupt?
You can open a bank account immediately after filing for bankruptcy. There really is no waiting period.
Will filing chapter 13 bankruptcy affect a recent joint bank account?
If you have filed for bankruptcy as an individual, rather than as a couple, then you are only filing on your personal debts. Following this logic, only those funds that are yours (so your share of the bank account, if that is possible) will be "up for grabs." Your bankruptcy status should not have an effect on your partner.
