answersLogoWhite

0

This is why your claim bankruptcy. The automatic stay will stop judgment holders from issuing a levy on goods and chattels.

Simply put, no. They can not levy an account from a debtor that is protected under the bankruptcy code.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Finance

Can a bank take your deposits out of your account after you have filed for bankruptcy?

no because you have no money idiot


How does bankruptcy affect a beneficiary on the living persons' bank account?

by putting u in debt


Do you have to justify using money in your bank account?

You do not have to justify using money in your bank account unless you are in the middle of a bankruptcy and someone is overseeing what you are doing. There are few occasions where you have to divulge this type of information.


Can the bank seize assets in the bank during a bankruptcy?

If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy.


How long after being bankrupt can you get a bank account?

I filed a bankruptcy because I was injured and could not work. When I had nearly depleted my savings I paid my utility bills for the next year, leaving enough for food and gasoline up to when I thought I would be well enough to work (I was guessing a year). Then I closed my bank account and used only cash. I landed a job the day after the bankruptcy was awarded so I needed to open a bank account immediately (cashing checks without your own account is very expensive). I had no trouble getting an account at a local credit union. I am hard-pressed to understand why acquiring a bank account would be associated with a bankruptcy, money is money.

Related Questions

Can you change a joint bank account with a parent before chapter 7 bankruptcy in ny state?

Yes you can change a joint bank account before a Chapter 7 bankruptcy. You should have your finances in order before you file a bankruptcy.


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

No they do not close your Checking or Savings account


When can you open a bank account after being declared bankrupt?

You can open a bank account immediately after filing for bankruptcy. There really is no waiting period.


Can you keep your chequing account If you go bankkrupt?

Yes, if the bank holding the account allows it. When a person files for bankruptcy, depending on the type of bankruptcy you filed.


Can a bank take your paycheck because you said you were filing bankruptcy?

Only the State and Federal government institutions have the right to levy your bank account directly. Banks can take your paycheck to cover insufficient funds in the check-owner's bank account (with that bank) but cannot do so just because the owner of the account is filing for bankruptcy.


Can a bank take your deposits out of your account after you have filed for bankruptcy?

no because you have no money idiot


Can you open a separate bank account if you filed for bankruptcy jointly and are now separated from your spouse?

yes...if the bank agrees.


If your bank account has been frozen because your ex-husband filed for bankruptcy how can you get your funds out?

A bank account can usually only be held for thirty days from the time it is secured. The joint account holder should contact the bankruptcy trustee to learn what is necessary to have their percentage of the funds returned.


How does bankruptcy affect a beneficiary on the living persons' bank account?

by putting u in debt


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

Was that debt including in bankruptcy.


Will filing chapter 13 bankruptcy affect a recent joint bank account?

If you have filed for bankruptcy as an individual, rather than as a couple, then you are only filing on your personal debts. Following this logic, only those funds that are yours (so your share of the bank account, if that is possible) will be "up for grabs." Your bankruptcy status should not have an effect on your partner.


Can bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?

The bank should not have your car title if it is paid off. If you declared bankruptcy and it was discharged, your bank credit card account should be dismissed.

Trending Questions
If you marry someone in the state of Ohio with previous debt does the debt become your debt? Is a 401K the same as an IRA? What is the financial cost of an average tornado? What is the abbreviation for year? If a bank ATM fails to dispense money what recourse does the customer have? What was lucent stock price on 9-30-1996? What is the difference between a stock dividend and a cash dividend? What are two ways to make a profit from investing in stock? Are installation charges taxed? What is Bank of America routing number at 126 Delancey Street location in NY? Is mortgage valid if your name is spelled incorrectly on deed and all documents? How can I go about getting a car loan with a cosigner? Monthly payment on 217000 30yrs at 4.5 percent What would the monthly payment be? What does 35.00 pounds convert to in American dollars? What do you look for in a lender? What can you do if your mortgage company doesn't inform you of a transfer to a new company Neither contact you and you continue to pay the original company then they foreclose on your home? What are the factors that control the choice of business? What is bid price and ask price in Stock? You are filling out your fafsa school financial aid will they still wav your tuition even if it seems that your parents made too much money for govt aid to help you they cant afford to send you to sch? If one required return is 11 percent and another is 15 percent and market risk premium is 5 percent and risk-free rate is 5 percent what is beta of merger?