no because you have no money idiot
When an owner deposits cash in the bank account of his business, the bank account (assets) will increase in his books and payable account (Liabilities) will increase in the books of the bank.
no
It means that your deposits are insured or safe-kept by the FDIC. FDIC insures upto $250,000 of your deposit in your bank. So, lets say you have $50,000 in your bank account and the bank just declared bankruptcy. The FDIC will give you the $50,000 you had your bank account. Lets say I had $500,000 in my bank account. In that case I will get only $250,000 because FDIC insures only upto that amount per customer account per bank.
If the question is can they take it after you have filed and the account was opened after you filed and was discharged complete, NO. Can they take it before total discharge NO, but you must list it as an asset on the bankruptcy it is then shared with all creditors. Remember when you file it freezes ALL assets and debts that where acquired before you file but not after>
I filed a bankruptcy because I was injured and could not work. When I had nearly depleted my savings I paid my utility bills for the next year, leaving enough for food and gasoline up to when I thought I would be well enough to work (I was guessing a year). Then I closed my bank account and used only cash. I landed a job the day after the bankruptcy was awarded so I needed to open a bank account immediately (cashing checks without your own account is very expensive). I had no trouble getting an account at a local credit union. I am hard-pressed to understand why acquiring a bank account would be associated with a bankruptcy, money is money.
Yes, if the bank holding the account allows it. When a person files for bankruptcy, depending on the type of bankruptcy you filed.
yes...if the bank agrees.
Was that debt including in bankruptcy.
Woodforest Bank found in Wal-Mart is a "second chance" bank. They do no credit checks.
A bank account can usually only be held for thirty days from the time it is secured. The joint account holder should contact the bankruptcy trustee to learn what is necessary to have their percentage of the funds returned.
If they are only an authorized signer then the bank account will not be touched. If they are listed on the account as a user, it could be frozen at any time.
Yes. If the loan is with the bank where you have deposits, then you have a "offset" clause in the agreement. This allows a bank to take funds directly from your account to pay the debt. Dependent upon the outcome of the creditor hearing, the BK trustee might have the money returned (temporarily).
If you have filed for bankruptcy as an individual, rather than as a couple, then you are only filing on your personal debts. Following this logic, only those funds that are yours (so your share of the bank account, if that is possible) will be "up for grabs." Your bankruptcy status should not have an effect on your partner.
When you have filed Bankruptcy.
When an owner deposits cash in the bank account of his business, the bank account (assets) will increase in his books and payable account (Liabilities) will increase in the books of the bank.
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
no