What Should A Client Do After the Bankruptcy Is Over?
Debtors who file for bankruptcy is like playing tennis with his bankruptcy lawyer. The client provides bills then the attorney gets back for more information. Then client presents more necessary documents then the attorney parses the documents. There is another thing that needs action while the ball is in the lawyer’s side. It is the preparation after the bankruptcy case is over. Expert bankruptcy lawyers riverside ca are very good legal advisers and can give the best options for their clients.
Changing banks is one of the recommended things to do. Debtors who have a loan to his bank, the bank can fund the borrower’s deposit account to apply to what he owes it. Generally, the debtor stops paying on dischargeable debts once he already made the conclusion to file for bankruptcy. Another thing that lawyers like Moreno law firm experts may suggest to a borrower is to get his money from the bank where he is indebted. One option is to open a banking relationship somewhere else where he owes nothing. Furthermore, there’s no need to close the current account, just get all the money because the debtor might lose his money if the bank organizes a set-off.
Check related documents or consult a bankruptcy lawyer and review if there is an automatic bill payment. If there are payments automatically taken from the client’s account, make sure that those withdrawals are bills that are willing to be paid by the debtor when filing for bankruptcy. However, if it is not supposed to be taken then take an action. There are times that the only way to prevent such unwanted withdrawals is to close that bank account. There are numerous cases where the client may avoid the withdrawal for the current month, but it comes back the following month.
On the contrary, if someone chooses to change banks to stop an offset, consider if the automatic payments are for the things that are supposed to remain to pursue post-bankruptcy.
On the other hand, if you end up changing banks to avoid an offset like I talked about above, think about whether the automatic payments are for services you want to continue post-bankruptcy.