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Bankruptcy

: The Debt Podcast

Credit Union Automatic Deductions & the Automatic Stay

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Banks and credit unions love to have automatic payroll deductions from their customers.  It helps them guarantee as long as you work, you pay them.  What happens when you file bankruptcy? The bank or credit union should think twice about continuing to “accept” these payroll deductions.  That’s the lesson from a recent Eighth Circuit Bankruptcy Appellate [...]

Full post as published by The Debt Podcast on June 02, 2009 (boomark / email).

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