Yes. When financial transactions are made with a bank where the borrower/debtor also holds an account, the bank will include a 'set off' clause in the lending/credit agreement. A set off clause gives the bank the legal right to withdraw without notice money from any account held by the debtor when said lending agreement is defaulted.
You may not be able to withdraw a Chapter 11 filing. You should talk to your lawyer to determine the best course of action.
Joint accounts are included in an individual bankruptcy claim. Just how much of the value of the joint account is considered as your asset depends on history of the account, the type of account, and statutory details for certain types of assets / debts.
yes it is
No they cannot, as long as you included them in your bankruptcy. They would be in violation of Federal Law, and liable to suit and possible penalty from the bankruptcy court. The bankruptcy attorney, or the trustee should be notified about any collections on a bankruptcy account.
No. Educational loans will remain with your during and after the bankruptcy is completed. This holds true regardless of whether you decide to file for Chapter 7 or Chapter 13 bankruptcy.
Yes you can change a joint bank account before a Chapter 7 bankruptcy. You should have your finances in order before you file a bankruptcy.
Yes, your payment history will still be a part of your credit report as well as the Chapter 7.
Yes and no. If an account was already charged-off before the bankruptcy, it can be reported as a charge-off. By law, the creditors must charge-off accounts included in bankruptcy, BUT they can not REPORT that charge-off if it happens AFTER the bankuptcy. Negative reporting on discharged debts is a violation of the permanent injunction of the discharge.
Payday loans can be put in chapter 7.
Can u keep your checking account after filing chapter 13?
No
As long as there is a balance on an account, it should be included in a Chapter 7 filing. One of the first things a bankruptcy trustee will ask at the meeting of creditors is whether you have included all of your debts & assets in your schedules. Even if thee is no balance, which one would expect with a closed account...it does not hurt - and can only help - by including info about it on your schedules. Info on any and all financial things only assures that the bankruptcy protects you from anything to do with them, known or unknown to you, now or in the future.