QUESTION
Can you please answer the enclosed question?
Asked on Mar 05th, 2013 on Bankruptcy - New York
More details to this question:
My checking account and line of credit (cash reserve) account with my bank has the same account number. It's with the same bank as my car loan. The line of credit was petitioned into the bankruptcy for 468.00. It currently has a balance of 605.00 based on bank activates, not mine. I haven't physically touch the line of credit since filing until the discharge. After the discharge an auto payment of 23.00 posted.. The account is still active with roughly 875.00 available credit line. What are the repercussion if I use it? Should I contact the bank to work out a deal to try to keep it? or just leave it alone? My case was discharged on 2/13/13
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
The bankruptcy discharge only eliminates the obligation to pay on debts you incurred PRIOR to filing your bankruptcy case. Any charges made on your line of credit after your bankruptcy case was filed you still owe. If you don't want auto payments posting to your account, then you need to stop them.
Whether you keep the account open or not is completely up to you.
Mark Markus has been practicing exclusively bankruptcy law in California since 1991. He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization, AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.
Answered on Mar 05th, 2013 at 6:31 PM