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Bankruptcy

: The Debt Podcast

I have an account at a bank I owe money - What should I do? What if the bank makes a set-off?

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People frequently bank at the same bank where they borrow, either personally or for their business.  When they are thinking about bankruptcy, this is dangerous. Banks or other creditors have the right to set-off debts they have against you against money you have on deposit at their bank.  This means that the bank can take money [...]

Full post as published by The Debt Podcast on March 19, 2009 (boomark / email).

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