Debt and Bankruptcy
Commercial Bank and Checking Accounts
If your daughter's name is on your checking account and she is filing bankruptcy will your checking account be involved in any way?
November 10, 2005 11:58PM
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.
Can you keep your checking account when you file for bankruptcy?
Can you use your checking account while in bankruptcy?
Can you include your negative checking account balance in bankruptcy?
Is it better to open a new checking account before or after filing for bankruptcy?
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?
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?
Can a creditor seize your checking account after you file bankruptcy?
Will your current checking and savings account be affected by your filing bankruptcy?
Asked in Debt Collection
Can a bank collect on an old checking account if the customer has filed bankrusptsy?
If you file bankruptcy can they freeze your checking account?
Who can apply for a money market checking account?
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?
How long does a freeze stay on a checking account in the state of New York?
Can a bank close your checking account without notice due to a bankruptcy?
What are some of the obstacles with getting a bank account with bad credit?
Does filing bankruptcy have an effect on your credit union checking account?
What is a checking account frequently referred to as?
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?
Asked in Debt and Bankruptcy
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.
Why is a checking account better than a savings account?
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?
How can you get the bank route number and your checking account number?
How is a business checking account different from a personal checking account?
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.