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Answered 2005-11-10 23:58:31

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.

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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?

Can you use your checking account while 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.

Can you include a negative checking account on your bankruptcy?

Yes, it is a debt.

Can you open a checking account before bankruptcy?

Sure. And after, too.

Is it better to open a new checking account before or after filing for bankruptcy?

You may find it difficult to open a checking about after filing bankruptcy, so I suggest opening the account before you file.

Do they close your current bank account when filing for bankruptcy?

No they do not close your Checking or Savings account

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

Will your current checking and savings account be affected by your filing bankruptcy?

Yes. It has to be turned over to the bankruptcy trustee to be counted as an asset.

Can a bank collect on an old checking account if the customer has filed bankrusptsy?

Was that debt including in bankruptcy.

If you file bankruptcy can they freeze your checking account?

They can only freeze an account if you have legitimate reason to. If you are in the negative you can't freeze an account. But no one has the right to freeze your account, meaning creditors.

Who can apply for a money market checking account?

Most people who have not previously declared bankruptcy are able to apply for a money market checking account. It is important to remember that these accounts often require a minimum account balance, which can range from $1,000 to $25,000.

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.

Is it a US checking account or an US checking account?

A US checking Account

How long does a freeze stay on a checking account in the state of New York?

it depend on case. some are varity. for example. If you got from Court order freeze your checking account for Bankruptcy filing they can freeze until you paid in full then they will unfreeze your account. I hope this help.

Which form of investment has the most amount of risk involved savings account or checking account or mutual fund?

Mutual fund

Can a bank close your checking account without notice due to a bankruptcy?

If a bank goes under, your checking account is insured, but they will no longer honor checks or provide any other services. It may take some time to get your money back.

What are some of the obstacles with getting a bank account with bad credit?

It can be hard to open a checking account if you have had a bankruptcy court judgment or bad credit against you. Some banks like NatWest will let you open a Step Account where they track your record for a period of time, then let you move up to a regular account with checking.

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.

What is a checking account frequently referred to as?

A checking account is also called a transactional account or chequing account.

How long will it be before you can open a checking account if you were denied a checking account not because of bankruptcy but because of outstanding debt?

There are banks that will help you regarless of your credit history. If you have been reported to chexsystems, your name remains on file for 5 years but there are also banks that do not use chexsystems

Can you have a credit card and a checking account if you file bankruptcy?

Of course you can. The card issuer has to be listed along with the balance owed. If there is a zero balance on the card and outstanding charges that have not hit yet, you may not have to list it, but it's safer to list it. Any amount in a checking account that cannot be exempted under state or federal exemptions becomes property of the bankruptcy estate. You don't get to keep it.

What happens to a checking account with two signers when the funds are Social Security income belonging to the mother and the daughter files bankruptcy?

All Social Security Benefits are exempt from bankruptcy proceedings. If the daughter has no monies in the account then the account will not be a part of the BK. However if funds were commingled there could possibly be a problem with determining ownership amounts.

Why is a checking account better than a savings account?

cause checking account is more safe

How can you get the bank route number and your checking account number?

Your bank routing number is on the left side of the checking account and the checking account is next to it.