Will I be able to have a checking account for my business if I file bankruptcy? 16 Answers as of March 16, 2011

I have a small vending route and need to have a checking account. Will the banks let me have one after filing bankruptcy?

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Indianapolis Bankruptcy Law Office of Eric C. Lewis
Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
In most cases, a debtor can open a new checking account after the bankruptcy discharge.
Answer Applies to: Indiana
Replied: 3/16/2011
Cohen & Kendziorra, P.A.
Cohen & Kendziorra, P.A. | Robert S. Cohen
Yes you can have a business checking account.
Answer Applies to: Florida
Replied: 3/16/2011
Burnham & Associates
Burnham & Associates | Stephanie K. Burnham
Normally, unless you owed the Banks overdrafts that were discharged, the Banks will allow you to open checking accounts for your business.
Answer Applies to: New Hampshire
Replied: 3/15/2011
Law Office of David P. Farrell
Law Office of David P. Farrell | David Farrell
Yes, but your credit accounts will likely be closed.
Answer Applies to: California
Replied: 3/15/2011
Carballo Law Offices
Carballo Law Offices | Tony E. Carballo
Absolutely Yes.... if your bank closes your account (and some small banks and credit unions take it personally if you discharge their debts claiming they have a policy that if you cause them a loss they don't want your business) then just go across the street since there are plenty of other banks and credit unions that will welcome your money.
Answer Applies to: California
Replied: 3/15/2011
    The Law Office of Mark J. Markus
    The Law Office of Mark J. Markus | Mark Markus
    I don't see why they wouldn't. Are you talking about a new account, or one you already have open? There's no requirement to close existing accounts unless you file a Chapter 11 case.
    Answer Applies to: California
    Replied: 3/15/2011
    Ferguson & Ferguson
    Ferguson & Ferguson | Randy W. Ferguson
    Did you bankrupt the bank? Normally you can still get a checking account. All information and responses to this question are not to be deemed as legal advice, nor does it create an attorney client relationship. You should consult with an attorney who can discuss the facts of your case in greater detail and provide you with legal counsel.
    Answer Applies to: Alabama
    Replied: 3/14/2011
    Janet A. Lawson Bankruptcy Attorney
    Janet A. Lawson Bankruptcy Attorney | Janet Lawson
    That should not be a problem unless you have written bad checks.
    Answer Applies to: California
    Replied: 3/14/2011
    Law Office of Harry L Styron
    Law Office of Harry L Styron | Harry L Styron
    Yes, there will be no problem with having a checking account.
    Answer Applies to: California
    Replied: 3/14/2011
    The Orantes Law Firm
    The Orantes Law Firm | Giovanni Orantes
    If you are able to open an account right now, there shouldn't be a problem keeping it open post-petition. In other words, you should open a bank account with a minimal deposit before filing your case at a bank to which you do not owe any debt. Once it is open, you usually can keep it after the bankruptcy. The existence of the account and the balance on the petition date must be disclosed in the petition and the amount exempted.
    Answer Applies to: California
    Replied: 3/14/2011
    Ursula G. Barrios Law
    Ursula G. Barrios Law | Guillermo Machado
    You should be able to have a checking account after BK.
    Answer Applies to: California
    Replied: 3/14/2011
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