The answer is most likely on here somewhere, but I am operating on very little sleep and my coffee hasn't kicked in yet...!
I have researched and researched filing 7, 99% sure this is what I will do (jointly with spouse). I have a few practical-type questions.
1. When I file, does my bank account get frozen? As in, can I not use it for day to day things, along with my DEBIT card? I understand the balance needs to be at basically nothing, but for how long?
2. For the prior question, assume my checking account is at a bank that holds my mortgage, but no unsecured debt.
3. Also, I own (HAHAHAHAHAAAAAAAAA...I own nothing) a retail store. As such, I have a merchant acct set up where people pay by CC and it deposits into my business checking account. Can I leave that account set up, or will it get frozen as well?
4. Am I using the right words, not making sense, or just crazy? I don't know either, so I do believe I'll have that second (aw heck, fourth) cup of coffee now...
Lisa
California
I have researched and researched filing 7, 99% sure this is what I will do (jointly with spouse). I have a few practical-type questions.
1. When I file, does my bank account get frozen? As in, can I not use it for day to day things, along with my DEBIT card? I understand the balance needs to be at basically nothing, but for how long?
2. For the prior question, assume my checking account is at a bank that holds my mortgage, but no unsecured debt.
3. Also, I own (HAHAHAHAHAAAAAAAAA...I own nothing) a retail store. As such, I have a merchant acct set up where people pay by CC and it deposits into my business checking account. Can I leave that account set up, or will it get frozen as well?
4. Am I using the right words, not making sense, or just crazy? I don't know either, so I do believe I'll have that second (aw heck, fourth) cup of coffee now...
Lisa
California