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declare bankruptcy

If i declare bankruptcy can the bank take (hold) the money that is in my account. If i declare does my husbands earnings have to be reported

Posted from: Newfoundland and Labrador

One Response to “declare bankruptcy”

A licensed trustee said...

Yes they can take the funds in your bank account. We generally advise our clients to change banks before they file as a protection against this very thing.

Yes you will be required to declare your spouses (and anyone else living in the households) income to your trustee every month you remain in bankruptcy.