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
September 02, 2009 at 8:59 am, 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.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.