When are banks notified..
September 25th, 2007 by Questions
I declared bankruptcy a few months ago. Only one bank account had to be closed due to an outstanding overdraft. All of my other accounts were still in good standing so my trustee said it would be alright to keep them open (none of these accounts were from banks that I had credit cards with).
Nonetheless, will all of my banks still be notified of my bankruptcy?
One Response to “When are banks notified..”
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September 26, 2007 at 8:45 am, A licensed trustee said:
The only parties that are notified directly that you have filed for bankruptcy are the Office of the Superintendent of Bankruptcy (via an Official Receiver) and your creditors. If you are not indebted to some one (say a bank for example) they will not be notified.
Once you have filed for bankruptcy it will be reported to the credit bureau and therefore anyone accessing your credit report will be aware of your situation.