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They don't.

The pre-petition accounts of the BK Company (C 11 is almost always a Corp), are frozen and no check can clear. Then depending on the BK, those assets are secured by the creditors and the accounts unfrozen, or new ones open...which as post petition...are not effected by the BK.

In any case, other than following the instructions of the Court, like (freezing the accounts), the bank isn't involved in the BK.

(Which is to say just because the term bankruptcy includes the word bank, doesn't mean it has anything to do with a bank, it is a Federal Court legal matter - filed with the Federal District Bankruptcy Court.)

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Q: How would a person in working at a bank process chapter 11 bankruptcies?
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