Bank account

September 1st, 2009 by Questions

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


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.

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