0
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.
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoYes, you can include your negative checking account balance in a bankruptcy. Be aware that your account will be closed and this will ruin your credit with this bank and potentially other banks.
Wiki User
∙ 16y agoNot just can, has to be.
You don't have real choices on what is in your bankruptcy. It must include all of your assets and all of your debts...some may be classified as exempt and not available for use or discharge, but all must be listed. You do not pick and chose what you want to payoff with what you want to pay with. Wanna' guess why?
Wiki User
∙ 8y agoYes, it is a debt.
Add your answer:
Earn +20 pts
Can you keep your checking account when you file for bankruptcy?
Can u keep your checking account after filing chapter 13?
Does filing bankruptcy have an effect on your credit union checking account?
The effect it would have depends on the amount in the account and the exemption status. Regardless it would be considered an asset and would be included in the BK.
Do they close your current bank account when filing for bankruptcy?
No they do not close your Checking or Savings account
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.
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
Should an account discharged in bankruptcy have a status of closed and if it still says open is this hurting you?
In this instance the account would generally be noted as "included in bankruptcy. The impact the open account would have is insignificant, compared to the bankruptcy.
Can a bank collect on an old checking account if the customer has filed bankrusptsy?
Was that debt including in bankruptcy.
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.
How do you stop a creditor from updating the account that is included in bankruptcy?
Make sure the creditor was notified that their debt was included in and discharged through your bankruptcy. Once notified, they cannot legally update a trade line.
What information is included on a checking account statement?
The Balance, SOME info used to set up the account, and your banker
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.
