Will My Utility Company Take My Deposit When I File Bankruptcy?
When filing for bankruptcy, one of the most common questions is “Will my utility company take my deposit when I file?” Filing for bankruptcy can cause disruption to your financial life and it is important to understand how it affects your utilities. Unfortunately, many utility companies require a security deposit prior to restoring service after a bankruptcy.
The good news is that some states have passed laws that allow you to use funds from your bankruptcy estate in order to pay security deposits for utility services. For example, in California, the Public Utilities Commission requires utilities companies to accept payments from a debtor’s Chapter 13 trustee as the security deposit.
The Law Offices of Omar Zambrano has helped thousands of people and them businesses in the past to get out of debt and start over.
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