FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Banking after Discharge

Hypothetical situation here.
Assuming I had unsecured debt $10K with TD bank (example). I then filed for bankruptcy and eventually got discharged for that debt. Now.. I am totally discharged…

If I open a bank account with TD bank, and deposit some money, will TD bank have the right to take money out of my account for the past debt ? Do they have the legar right to do so ?Thank-you

Posted from: Ontario

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One Response to “Banking after Discharge”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

No, TD would not have the right to collect anything in connection with the debt that was cleared by the bankruptcy. Although practically I wouldn’t suggest you bank through an institution you owe money to. You will typically find it easiest to start a new relationship with an institution that you did not have involved in your bankruptcy.