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Banks are insured up to 100,000.00 by the government.
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∙ 15y ago
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What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
What happens when a bank has no reserves?
reserves is the money that a bank holds aside just in case they run out, they'll have money to back them up.When a bank runs out of reserves they can either get loans from the government or file bankruptcy.
Can a bank take your deposits out of your account after you have filed for bankruptcy?
no because you have no money idiot
What is Bank of America's bankruptcy department mailing address?
If you have got into too much debt and cannot pay the money you still owe you may consider filing for bankruptcy. The Bank for America address for bankruptcy is, Bank of America, Attn: Bankruptcy Department, 475 Crossy Point Pkwy, PO Box 9000, Getzville, NY 14068-9000.
What happens if my car is repossessed and then I file bankruptcy?
Any leftover debt from that car repossession can be put in your bankruptcy petition..so if you owed $12k and the bank sold it for $6k..then you can file bankruptcy on the remaining $6k.
What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
What happens when a bank has no reserves?
reserves is the money that a bank holds aside just in case they run out, they'll have money to back them up.When a bank runs out of reserves they can either get loans from the government or file bankruptcy.
Can you keep your chequing account If you go bankkrupt?
Yes, if the bank holding the account allows it. When a person files for bankruptcy, depending on the type of bankruptcy you filed.
How can you file a bankruptcy and not lose any money in the bank?
Why are you filing bankruptcy if you have money in the bank? You are entitled to exemptions, which may include some money in a bank account. The amount you may exempt will depend on whether your state has its own exemptions or allows you to use the federal exemptions.
Should you take your money out the bank before filing bankruptcy?
yes
Can a bank take your deposits out of your account after you have filed for bankruptcy?
no because you have no money idiot
2 homes with mortgage on both divorce and one files bankruptcy?
Was the bankruptcy before or after the divorce? I don't think it matters however, the bank can always go after the cosigner on a mortgage if they didn't file bankruptcy as well.
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 is Bank of America's bankruptcy department mailing address?
If you have got into too much debt and cannot pay the money you still owe you may consider filing for bankruptcy. The Bank for America address for bankruptcy is, Bank of America, Attn: Bankruptcy Department, 475 Crossy Point Pkwy, PO Box 9000, Getzville, NY 14068-9000.
What happens if my car is repossessed and then I file bankruptcy?
Any leftover debt from that car repossession can be put in your bankruptcy petition..so if you owed $12k and the bank sold it for $6k..then you can file bankruptcy on the remaining $6k.
What happens to your money in the bank?
your money is problably not kept in the bank but its loaned to other banks and other banks loan to your bank
What if 18 year old cosigner for an auto files bankruptcy when buyer defaults - Oklahoma?
Both have a problem and the car will be picked up by the bank.
