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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Bank account

Can a trustte take my money in my bank account if i have a savings account at moment of signing bankruptcy papers?

Posted from: Alberta

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One Response to “Bank account”

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

Yes, you are not entitled to keep any savings, just what is necessary for your cost of living. So when you meet with the trustee you are required by law to make full disclosure of any assets (including bank accounts) you have and the trustee will then be able to determine what you can keep and what you will loose.