Personal Bankruptcy Forum
Author:   Rick
Date:   January 27, 2002
Question:  

I am self-employed (proprietorship). If I declare personal bankruptcy what happens to any money in the bank accounts (personal & business). Can you still have/open bank accounts after bankruptcy?

 


From:
 

Ann Clarke, Collins Barrow Limited
Date:   January 28, 2002
Answer:   Usually when someone files for bankruptcy there isn't much left in the bank accounts. You can still operate bank accounts after you have filed, although you may need to change accounts if you owe money to the bank where you currently deal.



Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca




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