Woodlands Financial
Woodlands Financial

Question:

I have filed bankruptcy. Can my payments be deducted directly from my bank account?

Answer:
Payments cannot be deducted automatically from a bank account if you are involved in an active bankruptcy case, as any attempt by Woodlands Financial Services to do so could be construed as an attempt to collect a debt in violation of certain federal laws.  If you were on an automatic payment plan prior to filing bankruptcy, such plan will automatically be stopped upon Woodlands Financial Services receipt of notification of the bankruptcy filing.

Please contact your legal counsel regarding your rights and obligations on the account.
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