Credit unions and bankruptcy

Some people love their credit union to the point that they want to pursue that relationship after filing bankruptcy. However, there is an upside and more than just one downside to preserving your banking relationship with the credit union. One downside is a reaffirmation agreement that will give the credit union the right to sue you for any unpaid balance even after the bankruptcy. Having an attorney advise you of your rights regarding bankruptcy and credit unions is the best way to make an informed decision.

For more information, you can read the full article at “Will Credit Union Still Want you Post-Bankruptcy?”

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.