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Recent Overdraft questions

I live in alaska and I gave a check to a handyman which got

Hello,I live in alaska and I gave a check to a handyman which got dishonoured due to NSF. I did cut him an new cut but he is asking for the cost of all the checks which were dishonoured from his account because my check did not get cleared. He is asking me for $40 feach for $20 checks he wrote. I thought i have only liable for the the fess bank chagred him for my dishonored check. please advice

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LawTalk

Attorney at Law

Juris Doctor

34,508 satisfied customers
Message for Terry L: I am preparing a 7 petition for someone

Message for Terry L: I am preparing a 7 petition for someone and had some questions: (1) If there are several accounts that were closed and listed on person's credit report as a “charge-off” should I still list them even though the balance on the reportshows 0? Or just list the collection agency? Also the original account numbers are unknown, should I leave the account # *****? (2) Finally is there a special way to list student loans [granted they won't be discharged] on the petition (person wants a breakin payments while pending). What about closed bank accounts that have negative balances? Thank you in advance Terry!

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Terry L.

Partner

Doctoral Degree

2,890 satisfied customers
Does overdraft protection on a checking account go

Does overdraft protection on a checking account go on credit reports? After all, it is a loan.

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38,522 satisfied customers
I filed for chapter 7 in 2010, and am still having some personal

I filed for chapter 7 in 2010, and am still having some personal finance issues due to the fact that I was unable to find work for almost a year. I went on public assistance and then found some contract work for 6 months, then the contract ended. I have some debts on my credit report, one from a bank that says I owe them for an over draft, even though I did not sign up for overdraft protection and sent a letter showing I had funds available and one from my past homeowners association that sent it to collections. There is also a small lien for state taxes that my ex wife owed and ended up on my report. I would like to know if I could now file for chapter 13 to try and settle these debts for less as my income and savings are low and heading lower if I don't land a job... as in unemployment I am signing up for... I have a car payment as well but need the car. I was also hit by a drunk driver a couple of weeks ago and may have some medical bills if the guy who hit me doesn't have insurance.So my question is can I file for chapter 13 after a chapter 7?

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Brent Blanchard

Solo Practitioner

Doctoral Degree

1,666 satisfied customers
A debtor has a reserve line of credit at the same bank that

A debtor has a reserve line of credit at the same bank that he holds a checking account (the line of credit looks like some sort of overdraft protection). The line of credit has a balance of $357.00, and the checking account is valued at $4,600. The debtor would like to keep the line of credit and prefers not to list it in his bankruptcy schedules.Is the debtor required to list the line of credit in his schedules? If so, should he reaffirm the debt so that he can maintain the account?

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cortrightlaw

Attorney

Doctoral Degree

498 satisfied customers
I just filed the first few pages needed to file an emergency

I just filed the first few pages needed to file an emergency chapter 7 bankruptcy case. I realized I forgot to list a $500 line of credit my husband has at his bank that is maxed out. What do i do? He doesnt want to list it becuase he doesnt want to loose it. It is supposed to be for overdraft protection and the monthly minimum payment comes automatically out of his checking account each month. I dont know what to do

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WALLSTREETESQ

Attorney

Doctoral Degree

18,084 satisfied customers
I am currently in a Chapter 13 bankruptcy that is set to be

I am currently in a Chapter 13 bankruptcy that is set to be discharged on November 1st. When I filed 5 years ago, my National City account had overdraft protection that was attached to my checking account. When PNC bought out national city, they seperated my overdraft account into a seperate line of credit account. I have a balance on this. I have made all of my payments, and have not applied or occured for any other debt. I did not apply for this account, they seperated. Will this account prevent my discharge?Thank you.

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WALLSTREETESQ

Attorney

Doctoral Degree

18,084 satisfied customers
I filed for Ch7 bankruptcy in 2009 and my case is still not

I filed for Ch7 bankruptcy in 2009 and my case is still not closed to due the possibility of an inheritance (tied up in real estate) when I turn 45 in 8 years. The inheritance may be up to $50k. Can the trustee keep my case open until then? Will I ever be able to start re-establishing credit?Thank you!

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Terry L.

Partner

Doctoral Degree

2,890 satisfied customers
just rceived mail that demands the full payment of $over $5,000.00 overdraft fees. I ope

just rceived mail that demands the fullpayment of $over $5,000.00 overdraft fees.I opened this overdraft for I thought $500.00 loan and find out now when I switched toanother bank that it is 5,000.00, How can they demand the full payment nowand if I can not pay this, what happens.I am 72 yrs. old, woman retired living on my retirement and social security, just lost my alimony xhusband died 11/2/11

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WALLSTREETESQ

Attorney

Doctoral Degree

18,084 satisfied customers
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