Posts Tagged ‘proof’

Can you open a bank account if filing chapter 11 bankruptcy? If so where?

I have a client seeming to be in a pinch, filing chapter 11 Bankruptcy and the debtor is requesting all account and policies to be reissue with the US attorneys office listed, once the client notified the bank they shut her down. she has to show proof of the changes but without a bank account she cannot initiate the down payments etc. most of the companies do not accept money orders due to a monthly draft needed to be set up. What could she do? Is there a bank that’ll take her?


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1 comment - What do you think?  Posted by Guest Author - April 28, 2010 at 7:25 pm

Categories: personal bankruptcy   Tags: , , , , , , ,

Should I sell my assets to pay off creditors before claiming bankruptcy?

I only have 1 asset worth paying off and thats one of my cars. If I sell this car, I can pay some of the creditors, but not all. I assume I will have to show proof of payng creditors if I claim BK after I have done this.
I see your point rpg, but the exemptions for Arizona will cause my vehicle to be taken because it is paid off and they will take this asset, sell it, and use the money from that asset to pay off the creditors.. granted, i see what your saying, because i would pay off the creditors that I would want to pay off.. so its good knowing that they will take the money back..


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2 comments - What do you think?  Posted by Guest Author - April 25, 2010 at 12:12 pm

Categories: information on bankruptcy   Tags: , , , , ,

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