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

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โˆ™ 2006-03-06 01:44:18
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Q: Will your current checking and savings account be affected by your filing bankruptcy?
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Related questions

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

No they do not close your Checking or Savings account

What are some terms of a checking account?

Current account in the UK

What is difference between checking account and current account?

A checking account is an account where cash can be quickly withdrawn with the use of checks or debit cards. A current account is a financial asset account in accounting in which assets can be easily made liquid or have a turnover period of less than a year.

What forms of identification do I need to open a checking account?

When I opened my checking account I had to present a current texas drivers liscense, and my social security card.

Check your account balance by account number?

Yes it is account nmhkljuopl

What is current balance on checking savings and other bank accounts?

account balance information

What are the various types of bank accounts?

* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits

Online Bank Account?

form_title= Online Bank Account form_header= Bank from anywhere with an online bank account! Who is your current bank provider?*= _ [50] What is your current interest rate?*= _ [50] What account types do you own?= [] Checking [] Savings

What does savings account mean?

Generally a savings account pays interest, and a checking (current) account doesn't. Also, a savings account cannot be overdrawn, but with permission, it is possible to overdraw a checking (current) account. The previous person is correct, a savings account simply lets you save your money and make a little bit at the same time. With a savings account it is a little harder to spend it since they are not typically tied to a checkbook.

What are the various types of deposits in a private and nationalized bank?

* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits

How long after you file bankruptcy can you get a checking account?

A checking account has nothing to do with a bankruptcy unless the bank you are going to deal with does a credit check on you and uses this information to Approve/Disapprove you based on that info. If you are turned down by a bank try another, some bank in your area will give you a Checking Account I'm sure. Good luck getting a checking account. I filed chapter 7 and was discharged over a year ago and NO ONE in the area will give me a checking account. I have to get my paycheck cashed to pay bills. The above person can't get a checking account probably because when they filed for bankruptcy, they included some current bank account they had. When you do this, the bank will place an inquiry on Check Systems and that is what banks used to determine if they will grant you a bank account at their branch. I understand your problem entirely. Refer to the above comment about ChexSystems. Keep in mind that not all banks use ChexSystems, there are still 20% of banks that use some other system or no verification system. If you have been legitimately reported to ChexSystems for owing a bank money, there is no way to remove it unless you can get the bank that added the report to request the removal. You can however, get a note placed on the account if you have paid the debt in full - this will not ensure that you can open a checking account, but it does improve your chances with a bank that has the option of overriding a ChexSystems report. Easiest way out, check with your local credit unions and smaller banks. Odds are one of them either doesn't use ChexSystems or they will open an account even with negatives on that system. ; I just came out of Chapter 7 and could not open an account as long as you included the bank in your bankruptcy and have your discharge papers along with the line item showing they were included into the bankruptcy you can open another account. Just order a chexsystem report then dispute the item as paid and request it to be updated/removed you then will be able to open another account within 30 days. If they dont show a 0 balance you can sue them under the bankruptcy law. but you wont have a problem as i was able to open account 15 days after my dispute.

What do banks do when checking account fraud is discovered?

When fraud is discovered in a checking. current account, the account is frozen or restricted for further investigation to take place and after this is been done, a decision will be made to either report the person to the authorities, depending on the level of the crime.

What is the current interst rate for a checking account?

Checking Accounts are also called as Current Accounts. A checking account is one in which customers keep some money and use it for their day to day transactions. The money in this account does not earn any interest and is available for usage to the customer at all times. So the interest you may earn is either less than 1% or even 0 in many cases.

Change my bank account for direct deposit?

My current bank checking account is invalid. How do I change the account number to the new checking account ???

What do you need to take to the bank to open a checking account?

A current photo id, a social security card and money.

Who can open a current account?

Anyone who is running a business or wishes to open an account that would involve high number of transactions can open a current account. Current Accounts usually involve higher charges & fees because of the extra services you receive. Those services are usually not available for regular savings account. Also, the money in your checking account does not earn any interest.

How can one check their bank account balance online?

A person can check their bank account balance online by logging onto their bank's official web page and logging into their account and checking what the current balance for their account says.

Can bank of America take money out of my current checking account to pay off a charged off account with them?

It depends if you have the minimum in your account. If you have less then that and are always overdrawn, then I doubt they would take away money.

SAMUDRA - GV SDN BHD is it a registered company?

I didn't check.But as far as i know any company that has a current(checking) account needs to be registered first before the bank would even consider granting them a current account.

Is ATM facility available in current account?

Yes. ATM facilities are available for all types of checking/current and savings accounts. It will not be available for fixed deposits and recurring deposits.

You and your ex-husband own a home together. He is the primary and you co-signed the mortgage. You are current on the mortgage and he is filing bankruptcy. How are you affected?

You need to have your situation reviewed by an attorney who can review all the details and who is knowledgeable in the areas of real estate law and bankruptcy.

What are its benefits for free current account?

A free current account is a good way to have savings as it does not need any minimum balance if salary is transferred. It has personal checking facilities for UAE residents and also free online banking as well as phone banking.

Can a bank withdraw money from your checking account to bring current a past due 2nd mortgage payment on the same day bankruptcy is filed?

Yes. If the loan is with the bank where you have deposits, then you have a "offset" clause in the agreement. This allows a bank to take funds directly from your account to pay the debt. Dependent upon the outcome of the creditor hearing, the BK trustee might have the money returned (temporarily).

View my chase checking account number on credit report?

Personal checking accounts will not show up on your credit report. If you have a Chase credit card, you will see some information about the card like reported balance, status, and maybe the current APR on your report, but you won't see any information about to the checking account you use to pay the bill...

Do you have to list all credit cards when filing for bankruptcy even one with a 0 balance?

Yes, you have to list EVERY creditor that you have an account with, even those that you are current with or have no balance due. You can run the risk of getting in trouble with the bankruptcy court if you don't.