0
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?
Wiki User
∙ 18y ago
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.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
Can you keep your checking account when you file for bankruptcy?
Can u keep your checking account after filing chapter 13?
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
Can a bank collect on an old checking account if the customer has filed bankrusptsy?
Was that debt including in bankruptcy.
If your daughter's name is on your checking account and she is filing bankruptcy will your checking account be involved in any way?
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 checking account be included 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.
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.
Can you open a checking account before bankruptcy?
After declaring bankruptcy it is smart to wait six months before obtaining a new account. If a trustee finds that you have XXXX amount of dollars in bank B after closing an account at bank A it will look as if you tried to defraud the bankruptcy law. For chapter 7 wait until discharge for chapter 13 as long as you are making timely payments it doesn't matter.
Is it a US checking account or an US checking account?
A US checking Account
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.
