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.
The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.
Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.
will bankruptcy increase you credit score over time
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
A bankruptcy stays on your credit report for 10 years and you may have to answer about it for the rest of your life. Who knows what effect it has on your credit score? Companies that lend money. Only when you apply for credit after bankruptcy will you know the full detrimental effect.
What effect will a five year old bankruptcy have on getting bonded that requires a credit check?
If you are speaking of using your debit card as a credit card without any money in your checking account the answer is yes until the overdraft reform laws go into effect 7/2010.
Yes, it can. Banks feel that they are taking a risk on someone who has bad credit. Most lending institutions think that you will write "bad checks" and not be able to pay for them, thus leaving them to charge off the account. If you have bad credit, they think that you can't manage money.
Thier actions, or lack, do not effect your ability to file for bankruptcy.
First off once you file bankruptcy you cannot do it again for 7 years. Bankruptcy stays on your credit report for 10 years. Rather to try to describe what the different types of bankruptcy will do to your credit click the link for more information.
You probably won't be able to get credit for the next seven years.
Yes, if your husband has a bankruptcy before he got married it will still effect his credit.