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Bankruptcy

: The Debt Podcast

Banks And Credit Unions Can Keep Money When Bankruptcy Is Filed

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If there is money in a credit union or bank account when a bankruptcy case is filed, the lenders may keep the money in the borrowers banking account to apply against debts owed to them.  Credit unions often give their members loans or credit cards, and because the debt is owed to the “bank” that [...]

Full post as published by The Debt Podcast on September 23, 2009 (boomark / email).

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