In the typical timeline leading up to a bankruptcy filing our clients discontinue all payments to unsecured creditors.
When a client discontinues payments on credit lines to the bank where their money is kept on deposit, the bank will often make a setoff where they begin taking automatic withdrawals from available funds to cover the missed payments.
This is done without notice and often leads to catastrophic overdrafts and returned checks. The client then finds himself in a situation where that “fresh start” just became more difficult to obtain.
We often counsel clients who have their accounts with Wells Fargo to move their accounts to another institution before filing bankruptcy. Wells Fargo has built a reputation for freezing personal and joint bank accounts, even accounts where the joint owner did not file for bankruptcy protection, once they receive notice of a bankruptcy.
This causes enormous stress and unnecessary headaches for clients who were only seeking relief from financial burdens that had become out of control.
These are just two example of how receiving advice from an experienced bankruptcy attorney can help you to get the relief that you need.
If you have questions about bankruptcy, we encourage you to contact us at 602-277-5625 for a free personalized consultation. You can also visit us at www.lawphx.com
Phoenix Bankruptcy Attorney
Kamper & Estrada LLP
1 E. Camelback Road, Suite 550
Phoenix, AZ 85012
We Serve Bankruptcy and Personal Injury clients in the following areas:
Phoenix AZ, Glendale AZ, Paradise Valley AZ, Scottsdale AZ, Tempe AZ, Peoria AZ, Laveen AZ, Tolleson AZ,
Mesa AZ, Cashion AZ, Sun City AZ, Youngtown AZ, Avondale AZ, Chandler AZ, El Mirage AZ, Luke Afb AZ.
Gilbert AZ, Goodyear AZ, Litchfield Park AZ, Sun City West AZ, Surprise AZ, Cave Creek AZ, Fountain Hills AZ.
Waddell AZ, Carefree AZ, Fort Mcdowell AZ, Higley AZ, Rio Verde AZ, Bapchule AZ, New River AZ, Apache Junction AZ,
Chandler Heights AZ, Buckeye AZ, Queen Creek AZ, Sacaton AZ