Overdrawn Bank Account in St. Louis

ONLY $675 FOR A ST LOUIS CHAPTER 7

Overdrawn bank accounts can be taken care of in a St. Louis bankruptcy.  This kind of debt is fairly common, but can cause many problems (especially with your credit score, or when you try to open a new bank account).  But an experienced St. Louis bankruptcy attorney can get you out of this situation. 

WE WIPE OUT ALL OF YOUR OVERDRAWN BANK ACCOUNTS


When you write checks or make withdrawals from a bank account that does not have enough money to cover the expense, the bank will usually still make the transfer.  But as a result, your account will become overdrawn, and an “insufficient funds” charge will be assessed against you.  And if funds continue to be drawn from the same account, then the insufficient funds status only deepens.  In addition, the bank will almost certainly apply a fee for overdrawing the account.

Making matters worse, the bank will not allow you to simply close the account.  It will keep the account open so that they may continue to report the delinquency to the credit bureau.  And the bank will also likely place an alert to other financial institutions, putting them on notice of your insufficient status.  This in turn will make getting another bank account very difficult.

With the filing of either a St. Louis Chapter 7 bankruptcy or a St. Louis Chapter 13 bankruptcy, those debts (along with all the rest of your unsecured debts) are discharged.  This gives you a fresh start / clean slate in life, and a chance to rebuild your credit.  The St. Louis bankruptcy lawyers at Brinkman & Alter, LLC are experienced in dealing with these types of debts, and have discharged thousands and thousands in insufficient funds owed to various banks.

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