bank account

April 27th, 2011 by Questions

I have my pay directly deposited into my bank account. There is no credit card attached to the bank where I have my bank account. Do I still need to close this account and open another before I declare bankruptcy?

What about if I do a consumer proposal, do they freeze any bank accounts in that situation?

Thanks for your help. I have done a ton of research on bankruptcy and other alternatives, this site is by far the best one out there!!

Posted from: Ontario


One Response to “bank account”

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

The only times you need to open a new account is if you owe money to your current institution, or have a large number of direct payments set up with the creditors who will be involved in the bankruptcy or consumer proposal.

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