Most banks these days run credit checks to open an account, as well as checking with ChexSystems. It is easier to get an account with a bad credit score than with a negative Chex report. It is recommended that you do not try to open the account over the phone. Otherwise, a secretary runs your social security number thru their computer, and if the score is below a certain level, it just says no. Go into the bank, and talk with the branch or assistant manager. If there was a good reason for the bankruptcy (loss of job, health issues, etc) the manager has the ability to override the computer's answer, though your account will be monitored closely for awhile for NSF activity. If you have been reported to Chex, there are a few banks arund the country that will still open an account, if you're lucky enough to be in their state. You can find these lists on the internet.
You can attempt to open a savings account. Whether or not the bank you apply to grants you the account depends on each institutions rules and policies.
No they do not close your Checking or Savings account
Can u keep your checking account after filing chapter 13?
That's up to the lending institution that you apply to.
In a Chapter 7 bankruptcy, a person filing for relief is called a
As they are issued by the government, yes, the are exempt from Chapter 7.
it depends on your state exemptions and what you mean by savings... for example, some states provide for 150$ of a bank account to be exempt, meaning everything else will become part of the bankruptcy estate to repay creditors.
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
How to get after job filing chapter 7 bankruptcy once it appears on the credit report
If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.
A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.
Sure. But expect the trustee to want that money, unless the amount in the savings account was exempt. Transfers of assets otherwise available to the bankrupt estate for the purpose of filing bankruptcy is a federal crime. Consult an experienced bankruptcy lawyer, since there are permitted transfers.
reorganization