Chapter 13 Bankruptcy Lawyer: Bank Account Limits in MA Managing your finances before filing for bankruptcy might help you make informed decisions. An attorney who handles chapter 13 bankruptcies can explain how bankruptcy rules may affect your savings, assets and obligations to repay debts. There’s a lot of confusion about how much money you can keep in your bank accounts when you file for bankruptcy. There is no universal limit. The amount of your protection depends on your financial circumstances, the source of your cash, and any applicable exclusions. Chapter 13 bankruptcy is for those who have a regular income and want to develop a plan to repay some or all of their debts and keep most of their property, if the court approves. Your ability to pay may be affected by your income, debts, and assets. To avoid problems, it is advisable that you speak with a legal professional before withdrawing funds or transferring money. We educate people about bankruptcy alternatives and we empower them to feel more comfortable with the filing process. Visit: https://www.massachusettsbankruptcycenter.com/