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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.

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Q: Does filing bankruptcy have an effect on your credit union checking account?
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If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?

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.


How will it affect your credit score if lender requires you to have checking account so they can withdraw payments from each month?

Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.


How will a bankruptcy effect your credit score?

will bankruptcy increase you credit score over time


Will having a negative balance in an unused checking account affect your credit rating?

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.


How much does a bankruptcy negatively affect your credit score?

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?

What effect will a five year old bankruptcy have on getting bonded that requires a credit check?


Can you purchase with credit card with no money in our account?

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.


Does poor credit affect getting a checking account?

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.


If a credit card company sues you can you file bankruptcy?

Thier actions, or lack, do not effect your ability to file for bankruptcy.


How does bankruptcy effect your credit score?

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.


If I file bankruptcy on my credit cards only how much does it effect my credit?

You probably won't be able to get credit for the next seven years.


Does bankrumpcy for premarital debt affect my husbands credit?

Yes, if your husband has a bankruptcy before he got married it will still effect his credit.