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Bankruptcy

: The Debt Podcast

Bank accounts and bankruptcy filing: avoid disaster

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The money in your bank account at the moment you file bankruptcy belongs to the bankruptcy estate.  It may be claimed exempt; the trustee may walk away from small bits of money, but the legal right to it belongs to the estate created by the bankruptcy filing. So what?  First, your “helpful” bank may freeze the [...]

Full post as published by The Debt Podcast on December 16, 2008 (boomark / email).

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