QUESTION
Would I be able to have a checking account for my business if I file bankruptcy?
Asked on Aug 18th, 2015 on Bankruptcy - Illinois
More details to this question:
I have a small vending route and need to have a checking account. Will the banks let me have one after filing bankruptcy?
7 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Yes, bankruptcy doesn't interfere with your ability to get a checking account, only having a previous account with bad checks does. Of course, if you can't get a checking account because you've bounced a lot of checks in the past, bankruptcy isn't going to fix that.
Answered on Sep 09th, 2015 at 9:11 AM
Bankruptcy Attorney serving Alpena, MI
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Carl C. Silver Attorney at Law
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That would be a yes.
Answered on Aug 25th, 2015 at 8:04 PM
Derek W. Freeman
Banks have their own rules about who qualifies for a checking account. That being said, banks have no reason to deny you a checking account if you filed bankruptcy. If your credit rating disqualifies you from opening a checking account, there are ways to raise your credit score, such as opening a secured credit card account.
Answered on Aug 19th, 2015 at 3:14 PM
That is a decision for each bank to make, but typically, unless you had an account with the bank before that went bad, any bank will welcome you as a customer.
Answered on Aug 18th, 2015 at 2:53 PM
Yes after discharge you can do what you want.
Answered on Aug 18th, 2015 at 2:25 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Generally yes, simply because you bankrupt, or have to bankrupt the business, does not mean that you cannot undertake normal transactions.
Answered on Aug 18th, 2015 at 1:48 PM
Debt Settlement Attorney serving Chicago, IL
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Law Offices of Daniel J. Winter
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Generally yes, but you need to review your personal and business situation with an experienced attorney to see how the bankruptcy will affect you.
Answered on Aug 18th, 2015 at 1:32 PM