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If a negative checking account is added in a bankruptcy can the bank put a hold on a joint account with that person as the secondary owner?
Wiki User
∙ 8y ago
This is rather a complicated issue in the sense that states inact banking laws. In which case what would happen to a joint account depends on state laws. And also on whether it is a Federal or State BK filing.
Wiki User
∙ 8y ago
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Can you keep your checking account when you file for bankruptcy?
Can u keep your checking account after filing chapter 13?
Do they close your current bank account when filing for bankruptcy?
No they do not close your Checking or Savings account
Can checking account be included in bankruptcy?
I am currently in Chapter 13 and I can use my checking account the same as I did before I filed.Just make sure you don't use your checking account to pay any debts that you didn't list in your bankruptcy.
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
If you just filed for bankruptcy and are on Chex systems and can not get an account how long do you need to wait before you can open a new checking account?
It will probably be two or three years before you are able to open up a checking account. Bankruptcy severely effects your credit.
Can a creditor seize your checking account after you file bankruptcy?
Not without the approval of the court
If you have an account that is showing negative and it was included in a bankruptcy can you have the negative account removed or does it stay there and count as two negatives?
The term negative is rather confusing. If the account did not have a balance it would not have been included in the bankruptcy. Any account included in a bankruptcy will remain on the report for the requred length of time, open accounts would be seven years, they will be marked included in bankruptcy. The BK accounts listing will remain for 10.
Can a bank collect on an old checking account if the customer has filed bankrusptsy?
Was that debt including in bankruptcy.
Does a levy on a checking account get reported to chexsystem?
Yes, a levy on a checking account will be notated to chexsystem or a similar system. Anything that involves your checking account in a negative way will be shared in a reporting system.
If your daughter's name is on your checking account and she is filing bankruptcy will your checking account be involved in any way?
It is likely the account will have to be partitioned; meaning the parties will need to show proof to the BK trustee of the amount of funds belonging to each account holder.
Are you in debt if you have a negative sign in your checking account?
Yes, you are probably overdrawn in your bank account as well.
If your loan was approved by chapter 7 bankruptcy can the bank still deduct from your checking account?
Not enough information is disclosed about the situation in order to answer. If you have an attorney assisting you in your bankruptcy ask them.
