What Are The Effects Of Holding Bank Account And Assets After Bankruptcy
0 views
Skip to first unread message
Wade Robins
Apr 17, 2013, 12:00:03 PM4/17/13
to publish-the...@googlegroups.com
*****************************************************************
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Wade Robins
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=171821
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=171821
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: What Are The Effects Of Holding Bank Account And Assets After Bankruptcy
Author: Wade Robins
Word Count: 501
Article URL: http://www.isnare.com/?aid=171821&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=171821
Easy Publish Tool: http://www.isnare.com/html.php?aid=171821
*********************** ARTICLE START ***********************
When you go bankrupt life for attaining credit is very difficult. Many companies are wary of loaning money, or even allowing you to open a bank account on the basis of your bankruptcy. You will need to search for a bank that will allow you to open a new bank account. The bank may impose conditions and limits for this bank account. They may limit the amount of money you are allowed to withdraw and state that you need to keep a certain amount in the account to avoid fees.
The bank will check your credit and find the bankruptcy. It is a good idea to tell them you have had a bankruptcy so there are not surprises and they are more inclined to help you. It may take three or more years for you to be eligible for loans. You do not want to jeopardize this new start by overdrawing the account or bouncing the check. With the bank systems in place today it is very easy for the bank to monitor your account and they may close your account if you mishandle funds.
Paypal will also allow you to open a savings account if you are having trouble finding a bank to work with. Paypal allows you to pay bills online as well as shop online so you can use it as a bank account until you reestablish credit.
Assets after a bankruptcy are usually limited. You probably don�t have a lot of money to put into savings, but as long as you have steady employment you will be able to reestablish credit. You home is another asset. The courts cannot take away your home unless you have been foreclosed. In the event of a foreclosure you will probably be renting until you can establish your credit. Depending on the chapter of bankruptcy you may have been able to convert some asset into a home that courts cannot take away. For instance if you are a truck driver you can turn that asset into a home rather than loose the truck. Of course if you are still using the truck for your job you may be able to keep it under transportation for your employment. For more info see http://www.filingpersonalbankruptcyhelp.com/Student_Loan_Banruptcy/ on Student Loan Banruptcy.
Bankruptcy will create stress and a little havoc in your life during the process, but it can be the solution you need to gain a new start. A lot of people facing bankruptcy have lost their jobs, lost assets from rental properties, or even had a medical problem causing them to mortgage all their assets. To have a life after bankruptcy you may have to have a job that is below your education and be forced to abide by banks rules, but you can reestablish your life after a time.
About The Author: You can also find more info on http://www.filingpersonalbankruptcyhelp.com/Chapter_11_Bankruptcy/ on Chapter 11 Bankruptcy and http://www.filingpersonalbankruptcyhelp.com/Personal_Bankruptcy/ on Personal Bankruptcy.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=171821
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Wade Robins
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=171821
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=171821
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: What Are The Effects Of Holding Bank Account And Assets After Bankruptcy
Author: Wade Robins
Word Count: 501
Article URL: http://www.isnare.com/?aid=171821&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=171821
Easy Publish Tool: http://www.isnare.com/html.php?aid=171821
*********************** ARTICLE START ***********************
When you go bankrupt life for attaining credit is very difficult. Many companies are wary of loaning money, or even allowing you to open a bank account on the basis of your bankruptcy. You will need to search for a bank that will allow you to open a new bank account. The bank may impose conditions and limits for this bank account. They may limit the amount of money you are allowed to withdraw and state that you need to keep a certain amount in the account to avoid fees.
The bank will check your credit and find the bankruptcy. It is a good idea to tell them you have had a bankruptcy so there are not surprises and they are more inclined to help you. It may take three or more years for you to be eligible for loans. You do not want to jeopardize this new start by overdrawing the account or bouncing the check. With the bank systems in place today it is very easy for the bank to monitor your account and they may close your account if you mishandle funds.
Paypal will also allow you to open a savings account if you are having trouble finding a bank to work with. Paypal allows you to pay bills online as well as shop online so you can use it as a bank account until you reestablish credit.
Assets after a bankruptcy are usually limited. You probably don�t have a lot of money to put into savings, but as long as you have steady employment you will be able to reestablish credit. You home is another asset. The courts cannot take away your home unless you have been foreclosed. In the event of a foreclosure you will probably be renting until you can establish your credit. Depending on the chapter of bankruptcy you may have been able to convert some asset into a home that courts cannot take away. For instance if you are a truck driver you can turn that asset into a home rather than loose the truck. Of course if you are still using the truck for your job you may be able to keep it under transportation for your employment. For more info see http://www.filingpersonalbankruptcyhelp.com/Student_Loan_Banruptcy/ on Student Loan Banruptcy.
Bankruptcy will create stress and a little havoc in your life during the process, but it can be the solution you need to gain a new start. A lot of people facing bankruptcy have lost their jobs, lost assets from rental properties, or even had a medical problem causing them to mortgage all their assets. To have a life after bankruptcy you may have to have a job that is below your education and be forced to abide by banks rules, but you can reestablish your life after a time.
About The Author: You can also find more info on http://www.filingpersonalbankruptcyhelp.com/Chapter_11_Bankruptcy/ on Chapter 11 Bankruptcy and http://www.filingpersonalbankruptcyhelp.com/Personal_Bankruptcy/ on Personal Bankruptcy.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=171821
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Reply all
Reply to author
Forward
0 new messages