Asked in Accepting Credit CardsBankingCommercial Bank and Checking Accounts
Accepting Credit Cards
Commercial Bank and Checking Accounts
Can people in bankruptcy have a bank account?
Asked in Debt and Bankruptcy, Banking, Industrial Credit and Investment Corporation of India Bank ICICI
Do they close your current bank account when filing for bankruptcy?
Can you change a joint bank account with a parent before chapter 7 bankruptcy in ny state?
Asked in Bankruptcy Law
When can you open a bank account after being declared bankrupt?
Asked in Bankruptcy Law
Can you keep your chequing account If you go bankkrupt?
If a collection agency freezes your bank account and on the next day you file for bankruptcy can they still freeze your money?
A collection agency, or any party, can only freeze your bank account IF they have sued your first and won a judgment against you. If you file for bankruptcy, it will not immediately release the levy on the account. The court that rendered the judgment must be notified of the bankruptcy filing, as well as the judgment creditor. The account could remain frozen until the outcome of your bankruptcy. If your bankruptcy, and the judgment debt is discharged, then the bank account must be released. It is possible to release a levy before discharge, but it will usually require the bankruptcy attorney to do it.
Asked in Debt and Bankruptcy, Loans, Bankruptcy Law
Can a bank take your paycheck because you said you were filing bankruptcy?
Asked in Debt and Bankruptcy, Banking
In bankruptcy can they get into your bank account?
Can you include your negative checking account balance in bankruptcy?
Asked in Banking
Can a bank take your deposits out of your account after you have filed for bankruptcy?
If your bank account has been frozen because your ex-husband filed for bankruptcy how can you get your funds out?
Asked in Debt Collection
Can a bank collect on an old checking account if the customer has filed bankrusptsy?
Asked in Debt Responsibility
Do you have to justify using money in your bank account?
Asked in Credit and Debit Cards, Bankruptcy Law, Credit
Can bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?
Asked in Debt and Bankruptcy, Bankruptcy Law
Will filing chapter 13 bankruptcy affect a recent joint bank account?
If you have filed for bankruptcy as an individual, rather than as a couple, then you are only filing on your personal debts. Following this logic, only those funds that are yours (so your share of the bank account, if that is possible) will be "up for grabs." Your bankruptcy status should not have an effect on your partner.
Asked in Banking
In Illinois can a bank account be frozen if the person who filed bankruptcy is only an authorized signer or secondary user?
Asked in Banking
Is saving account a bank account?
Asked in Debt and Bankruptcy, Banking, Bank of America
Can the bank seize assets in the bank during a bankruptcy?
If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy.
Asked in Credit and Debit Cards, Banking, Money Management, Credit, Commercial Bank and Checking Accounts
If someone files for bankruptcy can the Credit Card company take money out of your checking account to try and retrieve some of the debt after they were informed you were filing bankruptcy?
No, once a bankruptcy is filed an automatic "stay" is in place, and creditors cannot pursue any collection action. Even outside of bankruptcy, a creditor cannot arbitrarily garnish a debtor's bank account. The creditor needs to file and win a lawsuit, be granted a judgment and then enforce the judgment as a bank account garnishment.
How long after being bankrupt can you get a bank account?
I filed a bankruptcy because I was injured and could not work. When I had nearly depleted my savings I paid my utility bills for the next year, leaving enough for food and gasoline up to when I thought I would be well enough to work (I was guessing a year). Then I closed my bank account and used only cash. I landed a job the day after the bankruptcy was awarded so I needed to open a bank account immediately (cashing checks without your own account is very expensive). I had no trouble getting an account at a local credit union. I am hard-pressed to understand why acquiring a bank account would be associated with a bankruptcy, money is money.
Asked in Law & Legal Issues, Personal Finance, Loans, Banking, Money Management, Commercial Bank and Checking Accounts
If your loan was approved by chapter 7 bankruptcy can the bank still deduct from your checking account?
Can you keep accounts in a bank if you filed bankruptcy against their credit card?
I don't have a definitive answer, but it has been my experience that normally you can keep an account in a bank after filing bankruptcy on their credit card. I have found some small, local banks though (usually credit unions) that do require people to close their account(s) if they file bankruptcy on the bank. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
How can you file a bankruptcy and not lose any money in the bank?
Can one open checking account after declaring bankrutcy and if so does it affect the status of the bankruptcy?
After declaring bankruptcy it is smart to wait six months before obtaining a new account. If a trustee finds that you have XXXX amount of dollars in bank B after closing an account at bank A it will look as if you tried to defraud the bankruptcy law. For chapter 7 wait until discharge for chapter 13 as long as you are making timely payments it doesn't matter.