Will my utility company take my deposit when I file bankruptcy?
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Written by Upsolve Team.
Updated July 22, 2020
Summary
Maybe. The utility company is allowed to keep any security deposit that you paid them before bankruptcy. They are also allowed to charge you a reasonable security deposit for future services after you file.
Maybe.
The utility company is allowed to keep any security deposit that you paid them before bankruptcy. They are also allowed to charge you a reasonable security deposit for future services after you file. They may not do either, or they may do both -- it's up to them.
This is probably a small price to pay for a financial fresh start, but it is worth considering.
