{"id":5560,"date":"2020-01-20T11:51:01","date_gmt":"2020-01-20T11:51:01","guid":{"rendered":"https:\/\/mcintirelaw.com\/?p=5560"},"modified":"2023-05-05T01:10:35","modified_gmt":"2023-05-05T01:10:35","slug":"preparing-for-bankruptcy-west-virginia","status":"publish","type":"post","link":"https:\/\/mcintirelaw.com\/preparing-for-bankruptcy-west-virginia\/","title":{"rendered":"Preparing for Bankruptcy in West Virginia"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p>Are your financial problems driving you to seek the bankruptcy protection that bankrupt filers get? The automatic stay that is put in place upon a bankruptcy filing is an injunction that stops collection agencies and creditors in their debt collection efforts. The bankruptcy process is supposed to help you get out of debt, but there are measures you can take before and after filing for bankruptcy that will make the experience less painful as well as ensure that you achieve the best outcome possible.<\/p>\n<h3 data-fontsize=\"22\" data-lineheight=\"36.74px\" class=\"fusion-responsive-typography-calculated\" style=\"--fontSize:22; line-height: 1.67; --minFontSize:22;\"><span class=\"ez-toc-section\" id=\"What_are_some_of_the_things_you_have_to_address_in_preparation_for_filing_bankruptcy\"><\/span>What are some of the things you have to address in preparation for filing bankruptcy?<span class=\"ez-toc-section-end\"><\/span><\/h3><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-662a6b3fdd631\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662a6b3fdd631\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mcintirelaw.com\/preparing-for-bankruptcy-west-virginia\/#What_are_some_of_the_things_you_have_to_address_in_preparation_for_filing_bankruptcy\" title=\"What are some of the things you have to address in preparation for filing bankruptcy?\">What are some of the things you have to address in preparation for filing bankruptcy?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mcintirelaw.com\/preparing-for-bankruptcy-west-virginia\/#Do_You_Want_to_File_Bankruptcy_Seek_Help_from_a_West_Virginia_Bankruptcy_Attorney_Today\" title=\"Do You Want to File Bankruptcy! Seek Help from a West Virginia Bankruptcy Attorney Today!\">Do You Want to File Bankruptcy! Seek Help from a West Virginia Bankruptcy Attorney Today!<\/a><\/li><\/ul><\/nav><\/div>\n\n<ol>\n<li><strong>Bank accounts<\/strong><\/li>\n<\/ol>\n<p><img decoding=\"async\" class=\"alignright wp-image-5562 size-medium\" src=\"https:\/\/i0.wp.com\/mcintirelaw.com\/wp-content\/uploads\/2020\/01\/writing-1149962_640-1.jpg?resize=300%2C200&#038;ssl=1\" alt=\"preparing for bankruptcy\" width=\"300\" height=\"200\" srcset=\"https:\/\/i0.wp.com\/mcintirelaw.com\/wp-content\/uploads\/2020\/01\/writing-1149962_640-1.jpg?resize=200%2C133&amp;ssl=1 200w, https:\/\/i0.wp.com\/mcintirelaw.com\/wp-content\/uploads\/2020\/01\/writing-1149962_640-1.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/mcintirelaw.com\/wp-content\/uploads\/2020\/01\/writing-1149962_640-1.jpg?resize=400%2C266&amp;ssl=1 400w, https:\/\/i0.wp.com\/mcintirelaw.com\/wp-content\/uploads\/2020\/01\/writing-1149962_640-1.jpg?resize=600%2C399&amp;ssl=1 600w, https:\/\/i0.wp.com\/mcintirelaw.com\/wp-content\/uploads\/2020\/01\/writing-1149962_640-1.jpg?fit=640%2C426&amp;ssl=1 640w\" sizes=\"(max-width: 300px) 100vw, 300px\" data-recalc-dims=\"1\" \/>Since the bankruptcy trustee is authorized to take a nonexempt bank account money to pay off your debts, it\u2019s best that you don\u2019t have a lot in the first place. Your bank account probably won\u2019t be among your bankruptcy exemptions. Even if it wasn\u2019t among your non-exempt assets, the exemption coverage wouldn\u2019t amount to much. Besides this, your bank might also take it upon itself to freeze your account if it learns that you\u2019re filing for bankruptcy. While you can ask your trustee to request the freeze to be lifted, you can preempt these potential problems by taking prudent steps before you file your bankruptcy petition. One of the things you can do is to pay your bills using your bank account funds before filing for personal bankruptcy.<\/p>\n<ol start=\"2\">\n<li><strong>Set-offs<\/strong><\/li>\n<\/ol>\n<p>If you\u2019re considering <a href=\"https:\/\/mcintirelaw.com\/west-virginia-bankruptcy-attorney\/\"><u>filing for bankruptcy<\/u><\/a>, make sure that you don\u2019t have a loan or a credit card debt with a bank at which you hold an account with funds, or the bank may take advantage of the set-off clause, allowing it to pay back your debt with the money in your account.<\/p>\n<p>Another possible set-off involves utility companies, like gas and electric. They may use your security deposit to pay off what you owe when you <a class=\"linkilo_keyword_link  hyperlinks\" href=\"\/emergency-bankruptcy-west-virginia\/\"  rel=\"dofollow\" title=\"file for bankruptcy\" data-linkilo-keyword-link=\"linked\">file for bankruptcy<\/a>. Using up your deposit means that you have to provide a new one. Avoid this happening by declaring bankruptcy only after you\u2019ve paid your bills or you\u2019ve added to the deposit. Remember that utility companies cannot stop providing services to their subscribers because of unpaid bills once these debtors declare bankruptcy.<\/p>\n<ol start=\"3\">\n<li><strong>Automatic payments<\/strong><\/li>\n<\/ol>\n<p>Take note that creditors authorized to automatically deduct payment from your bank account or paycheck have to be notified that you have filed for bankruptcy before they stop making these automatic deductions. Notice may not get to them right away, so you can take it upon yourself or your lawyer to let them know through fax or email. Make sure that you include your bankruptcy case number, your filing date, and the bankruptcy court with which you filed.<\/p>\n<p>Before you <a class=\"linkilo_keyword_link  hyperlinks\" href=\"\/emergency-bankruptcy-west-virginia\/\"  rel=\"dofollow\" title=\"file for bankruptcy\" data-linkilo-keyword-link=\"linked\">file for bankruptcy<\/a> protection, remember to stop all automatic deductions from your bank account, credit card, and paycheck that you have authorized. You may find that you can\u2019t afford your main expenses with your monthly income if you forget to do this. Also, remember to halt automatic monthly charges from services to your credit card. A debtor should particularly address automatic payments to creditors involving dischargeable debt.<\/p>\n<h2 data-fontsize=\"34\" data-lineheight=\"41.14px\" class=\"fusion-responsive-typography-calculated\" style=\"--fontSize:34; line-height: 1.21;\"><span class=\"ez-toc-section\" id=\"Do_You_Want_to_File_Bankruptcy_Seek_Help_from_a_West_Virginia_Bankruptcy_Attorney_Today\"><\/span>Do You Want to File Bankruptcy! Seek Help from a West Virginia Bankruptcy Attorney Today!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In order to file for bankruptcy correctly and go through bankruptcy proceedings as smoothly as possible, consult a <a href=\"https:\/\/mcintirelaw.com\"><u>bankruptcy lawyer<\/u><\/a> for legal advice. Bankruptcies involve far more than submitting the right documents and properly accomplished bankruptcy forms. A well-thought-out plan of action is often called for so that filers get the best outcome possible. From the time before filing and even after the bankruptcy discharge, it\u2019s good to be guided by the expertise of bankruptcy attorneys.<\/p>\n<p>Legal aid is invaluable in bankruptcy. You want to be able to correctly choose from the different types of bankruptcy in the bankruptcy code, identify the right bankruptcy chapter between liquidation and reorganization to file under, know how to file in the most prudent way possible, and do everything within boundaries of bankruptcy laws. For legal assistance in achieving debt relief and other matters involving bankruptcy law, <a href=\"https:\/\/mcintirelaw.com\/contact\/\"><u>call us <\/u><\/a>at Thomas E. McIntire and Associates, L.C. to speak with one of our experienced <strong><b>West Virginia bankruptcy lawyer<\/b>s<\/strong>.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":5567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[2114],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mcintirelaw.com\/wp-content\/uploads\/2020\/01\/health-banknotes-HBSGP9A-scaled.jpg?fit=1536%2C1024&ssl=1","_links":{"self":[{"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/posts\/5560"}],"collection":[{"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/comments?post=5560"}],"version-history":[{"count":2,"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/posts\/5560\/revisions"}],"predecessor-version":[{"id":6602,"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/posts\/5560\/revisions\/6602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/media\/5567"}],"wp:attachment":[{"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/media?parent=5560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/categories?post=5560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mcintirelaw.com\/wp-json\/wp\/v2\/tags?post=5560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}