Call for a free bankruptcy consultation

Louisville |

502-485-9200

New Albany |

812-945-9200
Schwartz Bankruptcy Law Center

Your Bank Account In Chapter 13

If you have decided to file for chapter 13 bankruptcy, a court-appointed trustee will review your spending habits for the 90 days prior to filing. Therefore, it is very important to keep track of every purchase you make, to avoid making a fatal mistake. Chapter 13 bankruptcy provides a little more leeway since you still agree to make payments, but it's still best to be careful. Here are some tips for helping you keep track of finances:

  • Hang on to Receipts. Once the decision has been made to file for chapter 13 bankruptcy, start keeping track of all of your receipts for the 90 days leading up to actually filing. The court-appointed trustee will want to be able to review these receipts in case they suspect that you made unnecessary purchases before or while filing for bankruptcy.
  • Obtain Bank Statements. It's necessary to submit copies of bank statements with your petition to file for chapter 13 bankruptcy. Keeping a good eye on your spending habits and your debt is a good way to make sure that the trustee will not be able to contest your eligibility for filing. These statements can back up your purchase receipts in case there is any question about spending or withdrawals. A bankruptcy lawyer will be able to tell you what else will be needed for the petition.

If the court decides that your debt is the result of unnecessary expenditures, the judge may impose sanctions or completely dismiss the case. When filing for chapter 13 bankruptcy to take care of debt, be sure to talk to a Indiana bankruptcy lawyer to stay away from these and other bank account issues.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Need A Solution To Your Debt Problems?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Make A Payment
Schwartz Bankruptcy Law Center

Office Locations:

Louisville Office
3339 Taylorsville Road
Louisville, KY 40205

Phone: 502-485-9200
Fax: 502-485-9220
Louisville Law Office Map

New Albany Office
501 State Street
New Albany, Indiana 47150

Phone: 812-945-9200
Fax: 502-485-9220
Map & Directions

Phone:

LOUISVILLE |

NEW ALBANY |

Fax: