Subsidiary / Division

September 20th, 2012 by Questions

Two major banks recently bought 2-other, smaller, financial institutions that I have
2-unsecured lines of credit with. If I open a bank account at one of the two major banks, then do a consumer proposal will that major bank be able to freeze, dip-into my bank account since my c.p., is for line of credit owed to their subsidiary, division ??

Posted from: Ontario


One Response to “Subsidiary / Division”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Any time you are filing a consumer proposal or a bankruptcy you should first open a new bank account with an institution you do not owe money too. This is the safest way to prevent any problems.

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