Having too much money in the bank. This is a time when it is not good to save. When you file a Chapter 7 bankruptcy, the trustee assigned to your case will review your information to see if there is anything that can be seized and used to pay your creditors. One of the most common documents requested by the trustee is bank statements covering the date that your case was filed. If you have a significant amount of money in the bank, you may want to discuss your options with an experienced bankruptcy attorney before you file for bankruptcy. There may be ways that you can save some of your money. For more information on protecting your assets, check out my blog on "Keeping your things in Bankruptcy".
If you are ready to be debt free, contact us today or call 320-2010. We will schedule a no cost, no obligation appointment so we can show you how to become debt free.