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The same as it is for individuals: the bank is not able to pay its bills when due, and has a huge number of no-pay or slow-pay loans outstanding.
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Will a bank hire you if you have a bankruptcy on your record?
no they will not Yes. Each bank has its own rules but most will, unless of course they were listed on the bankruptcy
What is Comenity Bank bankruptcy department mailing address?
Comenity Bank Bankruptcy Dept. PO Box 182686 Columbus, OH 43218 800-695-4902
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.
Can the bank seize assets in the bank during a bankruptcy?
If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy.
Can the Bank go after the cosigner for a balance that was settled with them before a bankruptcy?
yes, unless the co-signer claims bankruptcy
Will a bank hire you if you have a bankruptcy on your record?
no they will not Yes. Each bank has its own rules but most will, unless of course they were listed on the bankruptcy
Can a commercial bank file bankruptcy?
Sure, and many have
What is Comenity Bank bankruptcy department mailing address?
Comenity Bank Bankruptcy Dept. PO Box 182686 Columbus, OH 43218 800-695-4902
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.
Can you change a joint bank account with a parent before chapter 7 bankruptcy in ny state?
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.
Can the bank seize assets in the bank during a bankruptcy?
If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy.
Can the Bank go after the cosigner for a balance that was settled with them before a bankruptcy?
yes, unless the co-signer claims bankruptcy
Does a bank in bankruptcy pay interest on Cd's?
Generally, yes.
If you have a personal bank loan can you still file for bankruptcy?
Of course.
What is the average loan offered by banks after bankruptcy?
It is not possible to say what an average loan is that a bank will offer after bankruptcy. This is because each situation is different and the bank will judge the request on its individual merits.
Can bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?
The bank should not have your car title if it is paid off. If you declared bankruptcy and it was discharged, your bank credit card account should be dismissed.
If you apply for credit 7 years after a bankruptcy and bank says to say no to the bankruptcy question on the form what are the legal implications?
Bankruptcy stays on your credit reports for 10 years not 7. I wouldn't give false answers on any application cause they are going to see it when they pull a report and this is considered fraud. Examine the application carefully. It may say, "have you filed bankruptcy within the past 7 years?" The bank may have just been telling you the time period on the application, not suggesting that you falsify the application.
