Will My Utility Company Take My Deposit When I File Bankruptcy?
When filing for bankruptcy, the process can be complicated and confusing. One of the most common questions posed by those filing is whether or not their utility company will take a deposit when they file bankruptcy. The answer to this question depends largely on the specific state laws that govern your particular situation.
In general, states have laws in place to protect consumers who are struggling financially and have had to file for bankruptcy. These laws often allow tenants and homeowners to keep their utilities even if they cannot pay a required deposit at the time of filing for bankruptcy. Utilities may also agree not to require a security deposit from customers who are bankrupt as long as they make timely payments within an agreed-upon timeframe.
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